Oil and Gas Regulating Authority (OGRA) has Prepared summary for changes in petroleum goods' price, Waqt News reported. The summary has been sent to the finance ministry
Sources have revealedthat the extra General Sales Tax (GST) in a major hurdle in relief for the consumers.
OGRA has asked to increase the prices of High Octane, kerosene oil and Light diesel by Rs. 2, while 10 paisa reduction in petrol prices has been suggested.
The summary contradicts the trends in global oil markets. The global oil prices are on a decline, but this step by the government looks set to further burden the local consumers.