BusinessThe Prime Minister again rejected the summary of increase in prices of...

The Prime Minister again rejected the summary of increase in prices of petroleum products

The Finance Ministry has announced that Prime Minister Shahbaz Sharif has once again rejected the Oil and Gas Regulatory Authority’s (OGRA) summary to increase in prices of petroleum products and decided to maintain prices.

A notification has been issued to maintain the prices of petroleum products.

According to the notification issued by the Ministry of Finance, the price of petrol has been fixed at Rs 149.86 per liter, while the price of high speed diesel has been fixed at Rs 144.15 per liter.

According to the notification issued by the Ministry of Finance, the price of kerosene has been fixed at Rs 125.56 per liter and light diesel at Rs 118.31 per liter.

The Finance Ministry says that the Prime Minister has rejected OGRA’s summary of increase in prices of petroleum products.

It may be recalled that while addressing a press conference in Islamabad today, Federal Minister for Finance Muftah Ismail had said that he would not increase the prices of petrol and diesel.

He had said that if they increase the price of petrol, then they are guilty.

If they do not increase the price, then they are guilty.

It was reduced to Rs 150 while diesel was reduced to Rs. 145.

At that time the price of crude oil was close to 90 per barrel whereas today the price of oil is Rs.110.

Related Stories

Pakistan: Petrol price hiked by Rs 4.53

According to the notification, the petrol price hiked by Rs 4.53 per litre, after which the new price has...

Pakistan Inflation to hit high of 25% this fiscal year: ADB

Pakistan Inflation to hit high of 25% this fiscal year. Asian Development Bank has released the annual outlook report...

A record decline in lending from banks to the private sector

In the current financial year, there has been a record decline in the provision of credit from banks to...

Trending on DiariesPK