ISLAMABAD-Oil and Gasoline Regulatory Authority (Ogra) has Friday advisable minimize of as much as Rs 11.88 per litre within the costs of assorted petroleum merchandise. In a abstract moved to the Petroleum Division, Ogra has instructed a lower of Rs 7.06 per litre within the value of petrol for the month of June.
As per the abstract, Ogra has advisable a minimize of Rs 11.88 per litre (25.04 p.c) within the value of Superior Kerosene Oil (SKO) and Rs 9.37 per litre (19.72 p.c) within the value of Mild Diesel Oil (LDO).
Ogra has instructed a lower of Rs 7.06 per litre (8.65 p.c) within the value of petrol. Nevertheless, for the Excessive Pace Diesel (HSD) Ogra has proposed a lower of Rs 0.05 per liter. Ogra has despatched the abstract for revision in oil costs for June to the Ministry of Power (Petroleum Division), and that might be then forwarded to the Finance Ministry for approval. The federal government would take choice on the Ogra’s suggestions on Could 31.
In case the federal government approves the Ogra’s advice, the worth of petrol will come right down to Rs 74.52 per litre from the present Rs 81.58 per litre, Superior Kerosene Oil will lower to Rs 35.56 per litre from the present Rs 47.44 per litre and Mild Diesel Oil will come right down to Rs 38.14 per litre from the present Rs 47.51 per litre. The value of Excessive Pace Diesel will go to Rs 80.15 per litre from the present Rs 80.10 per litre,
It’s value to say right here that for the month of Could the federal government had lowered the costs of excessive pace diesel and petrol by Rs 27.15 and Rs 15 per litre respectively. Partially accepting the Oil and Gasoline Regulatory Authority (OGRA) abstract concerning the worth discount, the federal government had additionally lowered the worth of Superior Kerosene Oil by Rs 30.01 per litre and Mild Diesel Oil by Rs 15 per litre.
For the month of Could, Oil and Gasoline Regulatory Authority (Ogra) had advisable a lower of Rs 33.94 per litre within the value of Excessive Pace Diesel (HSD) and Rs 20.68 per litre within the value of petrol.
The federal government is at present charging Petroleum Levy on petroleum merchandise and elevated PL on Excessive Pace Diesel to Rs 30 per litre, Rs 23.76 on petrol, Rs 18.02 on SKO and Rs 11.18 on LDO. It’s value to say right here that within the earlier authorities of PML(N) , the petroleum levy was within the vary of Rs3 to Rs10 per litre. For the month of Could, the federal government imposed Normal Normal Gross sales Tax (GST) of 17 p.c on POL merchandise.
Ogra seeks petrol,
diesel’s 3-month sale, inventory particulars from OMCs
In the meantime, the Oil and Gasoline Regulatory Authority (OGRA) has requested oil advertising and marketing corporations (OMCs) to furnish a three-month information concerning depot-wise gross sales and shares of petrol and excessive pace diesel by June 1. “You [OMCs) are directed to provide depot-wise sales and stocks data in respect of MS [petrol] and HSD [high speed diesel], as per the prescribed format, for the past three months (March, April and May) through return fax or email by 5 p.m. on June1. In case of failure to provide the above information within the stipulated time, legal action as per law shall be initiated,” the authority mentioned in a letter written to chief executives of 33 OMCs working within the nation, a duplicate of which was out there with APP. OGRA additionally suggested the OMCs to make sure clean provide of petroleum merchandise at their shops.
In the meantime, the authority requested the Hydrocarbon Growth Institute of Pakistan (HDIP) bodily test and make sure the provision of MS and HSD with all OMCs depots, shops and refinery storages. “The retail outlets of all OMCs across the country be randomly inspected to ensure that sufficient product (MS & HSD) is available and shortage, if any, observed be reported to OGRA,” OGRA mentioned.
They authority requested the HDIP to provoke the inspections on ‘urgent basis’ and accordingly submit a report by June 3. “The inspection charges shall be borne by the concerned OMC and refinery.”
OGRA additionally suggested OMCs to make sure availability of their employees in any respect storage places for entry and clean conduct of inspections by HDIP particularly on Could 30 and onward until June 2. “All OMCs will also ensure maximum cooperation and availability of relevant documents at their retail outlets.”