Petrol, diesel prices to remain unchanged: Ishaq Dar

Petrol, diesel prices to remain unchanged: Ishaq Dar


Finance Minister Ishaq Dar made the announcement on Sunday.

ISLAMABAD (Dunya News) - Finance Minister Ishaq Dar announced on Sunday that the price of petrol and diesel will remain unchanged till January 31.

The financial czar during a televised address said that the incumbent government has decided not to change the pol prices, adding that the price of petrol will remain at Rs214.80, diesel will remain at Rs227.80, price of kerosene oil to remain at Rs171.83 while light diesel oil will remain at Rs169.

On December 31, Ishaq Dar announced that there would be no change in the existing prices of petroleum products for the next 15 days.

Addressing a press conference, the minister said that these prices would be applicable from January 1, 2023 and would remain in force for the next 15 days to January 15, 2023.

He said that the decision for keeping the existing prices of petroleum products unchanged in the local market was taken under the special directives of Prime Minister Muhammad Shehbaz Sharif to provide relief to the common man, particularly the lower income groups, and ensure the provision of fuel at household level on affordable prices to meet the winter requirements.

Due to movements of petroleum prices in the international markets, the Oil and Gas Regulatory Authority (OGRA) has recommended Rs 8.76 per liter increase in kerosene oil and Rs 7.73 per liter of light diesel oil, however, the government has decided against to keep the existing prices of other oil products unchanged.