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Summary OGRA has indicated to increase petrol price and Ministry of Petroleum signaled to increase CNG price
OGRA chairman said that petroleum prices would be increased due to rising international prices and the final decision would be taken within three days.The secretary petroleum has also said that there was immense pressure to increase CNG prices. He said that gas leakage in the country was seven percent and CNG stations were also involved in gas theft. Thirty two percent of the gas was also being used to generate electricity.According to the secretary, PSO’s circular debt stands at RS 160 billion as compared to country’s overall circular debt of Rs 344 billion.
