Govt keeps prices unchanged of petroleum products

Govt keeps prices unchanged of petroleum products

Islamabad (Agencies): The Federal Government on Monday decided to remain prices of petroleum products unchanged for month of October.

According to an official notification today, the decision was taken in light of the rise in petroleum prices in international market.

The finance ministry’s notification further said that the petroleum prices are expected to rise internationally from mid-December.

It further said that the trend of rise in prices will continue until November.

Earlier, the Oil and Gas Regulatory Authority (OGRA) recommended a reduction in the fuel prices, with a proposal of Rs2.55 per litre cut in petrol.

The authority had also recommended slashing prices of diesel, and light diesel oil by Rs3.23, and Rs2.41, respectively.