Government Decides Not To Increase Petrol Prices In June

Finance Minister, Senator Muhammad Ishaq Dar said on Tuesday that the government would bear expenses of Rs 8.5 billion to keep the prices of petroleum products unchanged in June, to provide relief to the people during holy month of Ramazan.

The prices of petrol would remain same at Rs 64.27 per liter, HOBC Rs 72.69 per liter, Kerosene Rs 43.25 per liter, High Speed Diesel Rs 72.52 per liter and Light Speed Diesel Oil Rs 37.97 per liter.

Addressing a press conference here on Tuesday, the minister said that the per barrel price of petroleum products had increased in the international market, however for providing relief to people during the holy month, the prices would not be changed.

Ishaq-Dar

The minister said that the Oil and Gas Regulatory Authority (OGRA) had submitted a summary to the finance division, proposing increase in prices of various petroleum products. According to OGRA summary, the prices of petrol were suggested to be increased by Rs 0.85 per liter, HOBC by Rs 2.18, Kerosene by Rs 3.97, High Speed Diesel by Rs 6.69 and Light Diesel Oil by Rs 4.47 per liter.

He said that OGRA fixed the prices after calculation in accordance with the prices in international market. The government however decided not to pass on the increase of oil prices in international market to people at domestic level.

news source

Facebook Comments
UsmanAnsari
A car enthusiast associated with the 3D Animation industry of Pakistan since year 2000 having worked with leading organizations and production facilities across Pakistan. Passionate about cars ever since, and a strong desire to see the automobile industry of Pakistan flourish in true means, Usman Ansari has a vast experience of writing for major automobile portals of the country. Drives a Honda City SX8 as a daily runner, as well as a 10th generation Toyota Corolla Gli. CarSpiritPK.com was initiated by Usman Ansari in May 2016.