Petrol prices to remain unchanged in Pakistan till May 31

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ISLAMABAD – The federal government Monday announced that petroleum prices will remain unchanged till May 31 in order to provide relief to the public.

This was announced by State Information Minister Farrukh Habib on Twitter, stating that a summary sent by the Oil and Gas Regulatory Authority (Ogra) seeking surge in petrol prices had been rejected.

He said that the premier did not want to transfer the burden of rising petrol prices in the international market to the public.

Currently, the petrol price stands at Rs108.35 and diesel’s Rs111.08 per litre. The kerosene oil is available at Rs80/litre while the light-speed diesel oil stands at Rs77.65.

Habib further said that the government will have to bear an extra burden of Rs2.77 billion by not increasing the oil prices.

He added that the government had to bear a burden of Rs4.8 billion when it had not increased the petroleum prices on April 30.

Read more: https://pakobserver.net/petroleum-industry-workers-face-increased-cancer-risk/

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