Oil and Gas Regulatory Authority has forwarded a summary to the petroleum division to revise the petroleum products prices for the coming month of December 2018, reports a local media outlet.
As per the media, the finance ministry will see the recommendation and will revise the oil prices accordingly. The recommended prices are not disclosed by the authority and the new prices will come into to effect from December 2018.
Industry experts are saying that as the prices of petroleum products have been decreased internationally, the local consumers should also get benefit from it and the government should slash the prices. Let’s wait and see what the government do in this regard.
Read Also: Petrol price goes up by 5 Rs to 97.83/litre
Current oil prices are as follow:
Earlier, it was reported that the Federal Government of Pakistan might increase the prices of petroleum by up to PKR 15 in the span of the next three months due to the pressure imposed by International Monetary Fund (IMF).
Aside from government revising the rates of petroleum products in the country, Pak Suzuki amid rupee devaluation has increased the rates of its CBU vehicles by Rs.100,000 – Rs.300,000.
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