Govt leaves oil prices unchanged for October
OGRA had recommended increase of up to Rs4.41 per litre
PHOTO: FILE
ISLAMABAD:
The Pakistan Tehreek-e-Insaf (PTI) government has decided to keep petroleum product prices unchanged for October 2018 in a bid to provide relief for consumers.
The decision came despite the fact that the Oil and Gas Regulatory Authority (Ogra) had recommended an increase of up to Rs4.41 per litre in prices of petroleum products for the monthly rate revision for October.
Talking to media on Saturday, Finance Minister Asad Umar said the government had decided not to increase petroleum product prices for the month of October. Existing prices would be maintained as the government did not want to burden consumers with the price hike, he said.
The regulator had proposed an increase of Rs4.10 per litre in the price of petrol and Rs4.41 per litre for high-speed diesel. For kerosene oil and light diesel oil, it proposed increase of Rs3.66 and Rs3.39 per litre respectively.
Petrol, diesel prices likely to rise Rs4 per litre
As the prices have now been left unchanged, petrol will be sold at the current level of Rs92.83 per litre and high-speed diesel at Rs106.57 per litre. The price of kerosene oil will be Rs83.50 per litre and light diesel oil will be available at Rs75.96 per litre.
Kerosene oil is used in remote areas where liquefied petroleum gas (LPG) is not available for cooking purposes. Light diesel oil is used in the industry.
In September, the PTI government had reduced petroleum product prices by up to 5.6%. In this revision, the price of high-speed diesel, which is widely used in agriculture and transport sectors, had come down by Rs6.37 per litre from Rs112.94 to Rs106.57.
The Pakistan Tehreek-e-Insaf (PTI) government has decided to keep petroleum product prices unchanged for October 2018 in a bid to provide relief for consumers.
The decision came despite the fact that the Oil and Gas Regulatory Authority (Ogra) had recommended an increase of up to Rs4.41 per litre in prices of petroleum products for the monthly rate revision for October.
Talking to media on Saturday, Finance Minister Asad Umar said the government had decided not to increase petroleum product prices for the month of October. Existing prices would be maintained as the government did not want to burden consumers with the price hike, he said.
The regulator had proposed an increase of Rs4.10 per litre in the price of petrol and Rs4.41 per litre for high-speed diesel. For kerosene oil and light diesel oil, it proposed increase of Rs3.66 and Rs3.39 per litre respectively.
Petrol, diesel prices likely to rise Rs4 per litre
As the prices have now been left unchanged, petrol will be sold at the current level of Rs92.83 per litre and high-speed diesel at Rs106.57 per litre. The price of kerosene oil will be Rs83.50 per litre and light diesel oil will be available at Rs75.96 per litre.
Kerosene oil is used in remote areas where liquefied petroleum gas (LPG) is not available for cooking purposes. Light diesel oil is used in the industry.
In September, the PTI government had reduced petroleum product prices by up to 5.6%. In this revision, the price of high-speed diesel, which is widely used in agriculture and transport sectors, had come down by Rs6.37 per litre from Rs112.94 to Rs106.57.