Prime Minister Imran Khan on Sunday rejected a proposal put forward by the Oil and Gas Regulatory Authority (OGRA) to increase the petro price by Rs 13.18 per liter and approved an increase of Rs 2.70.

The decision came after OGRA on Friday recommended an increase in the price of Rs 13.18 in petrol prices, Rs 12.12, and Rs 11.10 in prices of high-speed diesel and kerosene oil respectively.

The regulatory authority also recommended the price hike of light diesel by Rs 6.62 per liter, effective from February 1.

After reviewing the summary, the prime minister approved an increase of Rs 2.70 per liter in petrol price, Rs 2.88 for high-speed diesel, and Rs 3.54 and Rs 3.00 in the prices of kerosene oil and light diesel respectively.

The new prices will be applicable from February 1 and fixed for 15 days.

According to the new prices, the new petrol price would be Rs 111.9 per liter, high-speed diesel at Rs 116.07, kerosene Rs 80.19, and light diesel at 79.23 per liter.