OGRA proposes hike of as much as Rs10.5 in POL costs


ISLAMABAD:

The Oil and Fuel Regulatory Authority (Ogra) has really helpful a rise of as much as Rs10.50 per litre in costs of varied petroleum merchandise efficient September 16.

In a abstract moved to the Petroleum Division, Ogra has really helpful a rise in costs of all the foremost petroleum merchandise together with petrol, high-speed diesel, kerosene oil and lightweight diesel oil.

Ogra has really helpful a rise of Re1 per litre within the worth of petrol, Rs10.5 per litre within the worth of diesel and Rs5.5 per litre every in costs of kerosene oil and lightweight diesel oil.

It’s price mentioning that for the primary fortnight of the present month the federal government had rejected an Ogra’s abstract for enhance of as much as Rs5.11 per litre within the petroleum product costs and as a substitute introduced a nominal lower within the charges.

The federal government has elevated the petroleum levy on petrol and diesel by Rs2.11 per litre and Rs3.09 per litre respectively.

The prevailing worth of petrol is Rs118.30 per litre. Petrol is utilized in automobiles and motorbikes. Excessive-speed diesel, whose present worth is Rs115.03 per litre, is broadly utilized in agriculture and transport sectors.

Kerosene oil is utilized in distant areas for cooking functions the place liquefied petroleum gasoline (LPG) shouldn’t be out there and its present worth stands at Rs86.80 per litre. The value of sunshine diesel oil is Rs84.77 per litre.

At the moment, the federal government is charging 10% customs responsibility and 10.54% basic gross sales tax on petrol. The federal government has additionally imposed Rs2.09 per litre petroleum levy on petrol.

In addition to, Rs4.15 per litre inland freight margin, Rs2.97 per litre OMCs margin and Rs3.91 per litre vendor fee are being charged on petrol.

Equally, the federal government is charging 10% customs responsibility and 17% basic gross sales tax on diesel. The federal government can be charging Rs5.14 per litre petroleum levy on diesel.

In addition to, Rs1.59 per litre inland freight margin, Rs2.97 per litre OMCs margin and Rs3.30 per litre vendor fee are being charged on diesel.

New costs of petroleum merchandise shall be introduced at this time (Wednesday) and they’re going to stay efficient from September 16 to September 30, 2021.

Printed in The Categorical Tribune, September 15th, 2021.

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