The government of Pakistan on Monday decided to keep prices of petroleum products unchanged for the month of October.
According to a press release from the Ministry of Finance, the government has decided to keep petroleum product prices at the current level to offset the expected price increase for the month of November 2019.
It is noteworthy that Oil and Gas Regulatory Authority (OGRA) had last week forwarded a summary to the Petroleum Division to reduce the prices of POL products for the month of October.
As per the summary, the authority suggested Rs3.23 decrease in per liter price of high-speed diesel, Rs2.55 in petrol and Rs2.41 in light diesel oil. Whereas, it proposed Rs1.19 increase in per liter price of superior kerosene Oil