ISLAMABAD: (HRNW) The Oil and Gas Regulatory Authority (OGRA) on Thursday refuted reports of sending a summary to the petroleum division recommending a massive increase in fuel prices from January 16.
“Reports circulating on media regarding hike in prices of petroleum products are based on speculation,” said a spokesperson of the OGRA.
Earlier in the day, it was reported that the Oil and Gas Regulatory Authority (OGRA) has recommended an increase in the prices of petroleum products.
According to sources, under OGRA’s recommendations, petrol could cost up to Rs 11.95 per liter and diesel up to Rs 9.57 per liter.
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