The Federal Government has delayed the decision to increase the prices of petroleum products. The petrol prices were supposed to be jacked up from 1st May 2019, according to a summary.
This was announced by Special Assistant to Prime Minister on Information Firdous Ashiq Awan. In a news conference, she said ECC will decide the matter in its next meeting as per the orders of Prime Minister Imran Khan.
On Monday 29-4-2019, Oil and Gas Regulatory Authority (OGRA) had recommended the Federal Government to increase the rates of petroleum products by up to PKR 14 per liter.
As per the details, the authority has asserted that the government should increase the price of petrol by PKR 14.37 per liter and that of diesel by PKR 4.89 per liter. Moreover, it is also recommended by OGRA to increase the price of kerosene oil and light-speed diesel by PKR 7.46 and PKR 6.4 per liter. The suggestions have been made due to fluctuations in the prices of oil products in the international market.
The Government will take the final decision on oil prices on 30-4-2019.
The current prices are as follows:
Petrol: Rs.98.89 per liter
High-speed diesel: Rs.117.43 per liter
Kerosene oil: Rs.89.31 per liter
Light-speed diesel: Rs.80.54 per liter
Last month, the Federal Government had increased the price of petroleum products. The price of petrol was increased by Rs.6 per liter, whereas the rate of high-speed diesel was increased by Rs.6 per liter. The price of kerosene oil was increased by Rs.3 per liter and that of light-speed diesel was increased by Rs.3 per liter as well.
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