The government on Saturday has decided to keep the prices of petroleum products at their existing rates for the month of October. The decision was reportedly taken by Prime Minister Imran Khan so as not to burden the consumers with the sudden hike in prices.
Earlier Oil and Gas Regulatory Authority (OGRA) had recommended the Ministry of Finance in view of rising oil prices at the global level. The international oil prices had increased during September while currency exchange rate has generally remained stable, based on which the Oil and Gas Regulatory Authority (Ogra) submitted a summary before the Ministry of Finance calling for an increase in oil prices for October.
The petroleum prices have witnessed a price hike in neighboring countries. In India it has crossed INR 91 per liter (PKR 155/ liter) mark but thankfully the prices in Pakistan have remained unchanged. The current price of petrol stands at Rs 92.83 per liter, High Speed Diesel Rs 106.57, Kerosene Oil Rs 83.50 and Light Diesel Rs 75.96 per liter.