OGRA stands for Oil and Gas Regulatory Authority, which is an independent regulatory body in Pakistan that regulates the oil and gas sector. The organization has denied any rumors about a petrol price hike that are circulating on social media earlier day.
OGRA spokesman in a press statement said that “It has been observed that speculative prices of petrol and diesel are being reported in the print and electronic media since last evening that is misleading and incorrect”
He advised the public that to avoid disseminating speculative and baseless information about the prices of petroleum products.
Yesterday some rumors are circulating that OGRA Proposed a hike in Petrol Prices of 310 Ruppes per Liter The news came right after the dollar went up to Rs. 266. After a Hike of 83.5 rupees, The new price will be Ruppes 310 liters.
Earlier in January some rumors are circulating regarding the shortage of Petrol in the country, Oil and Gas Regulatory Authority (OGRA) denied reports of a shortage of diesel and petrol in the country, saying that sufficient stocks were available.
“Sufficient stocks of petrol and diesel are available across the country,” OGRA spokesman Imran Ghaznavi clarified in a press statement.
He said the country had sufficient petrol and diesel stocks for meeting the needs of 18 and 37 days respectively. “Furthermore, ships carrying 101,000MT [Metric Ton] petrol is at berth/outer anchorage,” the spokesman added.
The development came after Oil Companies Advisory Council (OCAC) had asked the federal government to immediately ensure timely issuance of letters of credit to import petroleum products to avoid a fuel shortage in the country.