Good News: The PM Nawaz Sharif left prices of petroleum products unchanged for June, except for kerosene oil, in a bid to provide relief to Pakistanis. However, the price of kerosene oil was reduced in line with the drop in prices in the international market. In a summary sent to the ministries of finance and petroleum, the Oil and Gas Regulatory Authority (Ogra) recommended that price of petrol should be increased by Rs1.31 per litre and that of high-speed diesel, used widely in heavy transport vehicles and agriculture sector, by Rs1.81. It also suggested an increase of Rs1.01 per litre in the price of light diesel oil and a rise of Rs2.49 in the price of high octane blending component, which is used in luxury cars. However, Ogra recommended that kerosene oil, a critical cooking fuel in remote areas where liquefied petroleum gas is not available, should be cheaper by Rs0.67 per litre. To make up for the price difference, the government will provide a subsidy of Rs1.78 billion. (Admin)
Posted on: Sun, 01 Jun 2014 05:52:28 +0000
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