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ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has again increased the prices of petroleum products. The move follows the imposition of a petroleum levy by the government through a presidential ordinance.
Petroleum products' prices were earlier reduced following the suspension of carbon surcharge by the Supreme Court on Tuesday.
The Petroleum Development Levy Ordinance 2009 was signed by President Asif Zardari early Thursday. The ordinance was signed on a written advice from the Prime Minister.
According to the new Ogra notification, petrol price has been increased by 10 rupees per litre, diesel by eight rupees per litre, light speed diesel by three rupees per litre and HOBC by 14 rupees per litre.
The new price of high speed diesel will be notified by the oil marketing companies.
Officials continued working till Thursday morning in the ministries of law, petroleum and the Federal Bureau of Revenue (FBR) to finalise the ordinance.
The ordinance would remain effective for 120 days in accordance with the Constitution. — DawnNews