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Ogra recommends Rs7 per litre cut in petrol price

 

The Oil and Gas Regulatory Authority (OGRA) has recommended the Petroleum Division to reduce the price of petrol by Rs7.06 per litre for the month of June 2020.

 PIA asks passengers to report five hours before the flight time...

In addition, OGRA has also suggested the government to lower the per litre price of kerosene oil and light diesel oil (LDO). However, a nominal increase in the price of high-speed diesel (HSD) has been recommended by the authority.

According to sources, the oil and gas sector regulator has worked out Rs7.06 per litre decrease in petrol price; Rs11.88 per litre cut in the price of kerosene oil, and Rs9.37 reduction in the price of LDO. The price of HSD has been hiked five paisas

If the government approves the recommended POL prices, then the new petrol price would stand at Rs74.52 per litre, LDO would be available at Rs38.14 per litre, kerosene oil would be sold at Rs35.56/litre, whereas HSD would be available at Rs80.10 per litre in June.

Sources said upon receiving the summary from OGRA, the Petroleum Division has forwarded the same to the Finance Division for necessary approvals in this regard. They said the finance ministry, after getting the consent of Prime Minister Imran Khan, would announce future oil prices, which would be effective from 1st June 2020.

The government has been striving hard to extend maximum relief to the public by giving relief in the per litre prices of POL products, ministry officials said.

According to sources, despite OGRA’s recommended cut in POL prices, the government can award more relief to the public by approving a decrease in the ratio of taxes, levy, and margins etc. that are already imposed on POL prices'

 

31 May 20

 

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India's River Diversion Plan and South Asia's Waters

More dams are to come, as India’s need to power its economy means it is quietly spending billions on hydropower in Kashmir. The Senate report totted up 33 hydro projects in the border area with Pakistan. The state’s chief minister, Omar Abdullah, says dams will add an extra 3,000MW to the grid in the next eight years alone. Some analysts in Srinagar talk of over 60 dam projects, large and small, now on the books. (This special report has appeared in the Bulletin on Current Affairs - February 2012, you may have to Buy the print edition to read full story)

More in the Edition:

South Asia's Water - a growing rivalry

Indian, Pakistani & Chinese Border Disputes

India's River Diversion Plan: Its impact on Bangladesh

Water Crisis can Trigger nuclear war in South Asia

Reclaimed Water - the Western Experience

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