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OGRA proposes Rs83.50 per litre price hike in petrol: sources ISLAMABAD: The price of petrol is set to cross Rs200 per litre for the first time in history as the new government may pass on the burden of the PTI government’s wrong decisions to the public, Geo News reported, citing sources. In the second fortnight of the current month starting April 16, the newly formed government would be required to either jack up the price of petroleum products or enhance subsidies to maintain the existing price. On February 28, former prime minister Imran Khan announced a reduction of Rs10 per litre in petrol and diesel prices and a price freeze till the announcement of the budget for 2022-23. According to sources, if the coalition government chooses to increase the price, the per-litre petrol cost will jump by Rs83.50 — if they decide to increase the levy and GST. It is worth mentioning that the new government would be in a critical situation and might choose not to increase prices in a bid to win over public support. However, if the current government decides to keep the prices unchanged, then it will be forced to give another hefty amount in subsidy from April 16 to 30. According to sources, the Oil and Gas Regulatory Authority (OGRA) had submitted a proposal in this regard to the petroleum division, which includes working on petroleum levy and general sales tax (GST). Watch Geo News LiveStream: https://www.youtube.com/watch?v=HrrpR7zjFpU For More Videos Subscribe - https://www.youtube.com/geonews Visit our Website for More Latest Update - https://www.geo.tv/ #GeoNews #OGRA #petrolpricehike

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