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PM Imran Khan rejected a summary from the Oil and Gas Regulatory Authority (Ogra) to raise petrol prices by Rs55.78 per liter to help the masses.
The Ogra has sent a summary recommending that petrol prices be increased by Rs55.78, high-speed diesel prices are increased by Rs68.87 per liter, oil prices be increased by Rs37.82 per liter, and light diesel prices are increased by Rs40.24 per liter.
To provide relief to the masses, Prime Minister Imran Khan has rejected the fuel hike, and the government will bear the increase through an Rs33 billion subsidy. In terms of subsidy and revenue, the overall loss will be Rs63 billion.
