ISLAMABAD: Federal government has decided against raising the tariffs of petroleum products, said Finance Minister Ishaq Dar on Saturday, despite Oil and Gas Regulatory Authority?s (OGRA) recommendation.
On Friday it was reported that OGRA had put forward a summary to federal petroleum ministry proposing an increase petrol price by Rs2.12.
According to the summary, the authority had recommended increasing the price of kerosene oil by Rs3.94, high-octane by Rs0.60 and high-speed diesel by Rs0.26.
Speaking to reporters in Islamabad, Ishaq Dar said that OGRA?s summary was rejected after Prime Minister Nawaz Sharif directed not to raise the prices.
He said that the current petroleum prices would remain unchanged until August 31, 2016.
Dar further said that petroleum prices in Pakistan were the lowest in the region.
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