Petrol prices remain unchanged for next fortnight

Business

Decision to maintain fuel prices taken in view of international rates: Ishaq Dar

15 June,2023 11:12 pm

ISLAMABAD (Dunya News) – The federal government on Thursday announced that the fuel prices would remain unchanged for the next fortnight.

The decision was announced by Finance Minister Ishaq Dar in a televised address. Dismissing media reports on fuel prices, Mr Dar said that the decision to maintain fuel prices had been taken in view of international rates.

He went on to say that international prices of crude oil and gas had seen a slight increase in the last few days, adding the incumbent government had reduced the prices of diesel and petrol by a total of Rs35 and Rs20 in the last 30 days.

Earlier, the Oil and Gas Regulatory Authority (Ogra) had recommended decrease in petroleum prices.

Sources divulged the regulatory body had recommended Rs5-10 decrease in per litre petrol price and Rs10 in diesel price.

Finance Minister Ishaq Dar, however, announced that petrol prices would remain stable.

On May 31, the government announced up to Rs8 reduction in the prices of petroleum products per litre.

Talking to the media, he said the price of petrol would be reduced by Rs8, and light-speed and high-speed diesel by Rs5, while the price of kerosene oil would remain unchanged. The new price for petrol would be Rs262, the prices of high-speed and light-speed diesel would be Rs253 and Rs147 respectively, while the kerosene oil would sell at Rs164.70 per litre.