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Prices of petrol, diesel increased by Re 1 per litre

Dunya News

The Government has increased the prices of petrol and diesel by Re 1 per litre.

ISLAMABAD (Dunya News) – The Federal Government has increased the prices of petrol and diesel by Re 1 per litre with effect from today (Thursday), Dunya News reported.

Addressing a press conference in Islamabad on Wednesday, Federal Finance Minister Ishaq Dar said the new prices will remained enforced from February 16 to February 28.

He said that the Oil and Gas Regulatory Authority (OGRA) had recommended Re 1.91/litre hike in the petrol and diesel prices. However, the Federal Government increased the prices by just Re 1 on the instruction of Prime Minister Nawaz Sharif.

Ishaq Dar further said that government will bear a burden of Rs 3 billion for not raising petrol prices as recommended by OGRA.