Petroleum prices remain unchanged | The Express Tribune


ISLAMABAD:

The federal government has rejected Oil and Gas Regulator Authority’s (Ogra) fortnightly review and decided to maintain the prices of petroleum products at the current rate with effect from May 1 (today).

The financial burden to maintain the prices will be borne by the government.

Ogra had sent a summary to the federal government for an increase in the prices of petroleum products for 15 days with effect from May 1 but it was rejected by Prime Minister Shehbaz Sharif following which the finance ministry announced on Saturday to maintain the rates.

Read more: Petrol dealers warn of a nationwide strike

According to a notification issued by the finance ministry, the price of petrol will remain at Rs149.86 per litre; high speed diesel Rs144.15 per litre; kerosene Rs125.56 per litre and light diesel oil Rs118.31 per litre.

Earlier this month, Finance Minister Miftah Ismail, during his Washington visit, told US think tank Atlantic Council that the government would have to increase the price of petroleum products to get the country’s economy back on track and revive the stalled bailout programme with the IMF.



Source link

Latest

GOP Senate Candidate’s Old Friend Begs Him To End Campaign

An old friend of GOP Senate candidate Eric Greitens...

Nakedness Is Everywhere in Fashion, Even the Heel of a Shoe

All fashion week, we will be spotlighting the small...

How War in Ukraine Roiled Russia’s ‘Coolest Company’

What a difference a war makes.Just a few months...

Railway fares to be slashed by 30% on three days of Eid: Saad Rafique

ISLAMABAD: Ahead of Eid ul Adha, Federal Minister for Railways Khawaja Saad Rafique Wednesday announced that fares would be reduced by 30% on all...

PPP’s Khalida Sikander Mandhro wins vacant Senate seat in Sindh

Pakistan Peoples’ Party’s (PPP) Khalida Sikander Mandhro won the election for the vacant technocrat seat of Senate in Sindh on Wednesday. The seat was vacated...

Is this goat the GOAT? Long-eared kid takes Pakistan by storm | The Express Tribune

KARACHI: A kid goat with extraordinarily long ears has become something of a media star in Pakistan, with its owner claiming a world record that...