Islamabad July 28 2021: Senator kamil Ali Agha commented during Senate Standing Committee meeting with OGRA officials that the common public is compromising on the quality as well as the quantity of Petroleum.
The Officials of OGRA informed the committee that 70 percent Petroleum and 40 percent Diesels is imported. New refinery policy is being introduced in order to redress such complaints.
The committee members and the officials of OGRA had a detailed discussion on the disparity in the oil pricing and the criteria through which the oil prices are increased. Senator Rana Maqbool Ahmed asked the OGRA Chairman as to what is the wisdom in recommending increase of rupees 10 to 15 in prices of petrol and diesel which is later reduced by the government thereby adding insult to the injuries of the common people.
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The price hike in LPG within two weeks is considered as matter of serious concern.
Senate Standing Committee
The Chairman OGRA was asked to furnish report to the committee within fortnight showing tangible improvements in the performance his department. The OGRA officials informed that the LC evaluates the price relying on the International Crude Market, along with variable taxes. The committee was informed that OGRA has been given mandate by the Federal Government to notify the prices of Kerosene. Ethanol (E-10) since June 2006 and Inland Freight Equalization Margins (IFEM) since September 2008. The committee members lamented that the high octane product has not been given in one price on different petrol stations.
