PHOTO: FILE
ISLAMABAD: The government on Friday decided to maintain oil prices for the month of February 2020.
The Oil and Gas Regulatory Authority (Ogra) had recommended the government to increase price of high speed diesel (HSD) by 1.9% for February following fluctuations in global oil prices. The regulator had proposed an increase of Rs2.47 per litre or 1.9% in the prices of high speed diesel, which is mainly used in transport and agriculture sectors.
The price of high speed diesel has been maintained at existing level of Rs127.26 per litre.
The price of petrol has also been maintained at Rs116.60 per litre. Petrol is an alternate of compressed natural gas (CNG) for vehicles in Punjab province where indigenous gas is not available and CNG retail outlets were using imported gas.
Following decision of government, LDO will be sold at a price of Rs84.51 per litre.
The regulator had proposed to reduce price of kerosene oil by Rs0.66 per litre or 0.7%. Its price has been maintained at current level of Rs99.45 per litre. Kerosene is used for cooking purpose, especially in remote areas where LPG or pipeline gas is not available.
Published in The Express Tribune, February 1st, 2020.
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