Petroleum prices for the month of October to remain unchanged

By Arhama Altaf - Web Editor - BOL News

01st October, 2019

Petroleum prices for the month of October to remain unchanged

Tuesday 01st October, 2019

The government on Monday decided to keep prices of petroleum products unchanged for the month of October.

According to a press release, the government has decided to maintain the prices of petroleum products at the current level to offset expected increase in the prices 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 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.

According to a notification issued, the decision has been taken in light of the rise in petroleum prices in the international market.

The finance ministry’s notification said that the petroleum prices are expected to rise internationally from mid-December.

The trend of an increase in prices will continue until November, the notification read.

The existing prices of September will remain unchanged for the next month.

The OGRA had recommended a reduction in the fuel prices, with a proposal of a Rs2.55-a-litre cut in petrol.

Earlier, on Aug 31, the federal government had reduced the price of petrol by Rs4.59 per liter.

The prices of diesel and petrol were slashed by Rs5.33 and 4.59 a liter respectively.

Petrol and diesel are now being sold at Rs113.24 and 127.14 respectively.


You May Also Like

Int’l Conference held in Ankara International
16th Oct, 2019

Int’l Conference held in Ankara on humanitarian issues in IoK

A day-long International Conference on Jammu & Kashmir was held in Ankara...

gold price Business
16th Oct, 2019

Gold price reduced by Rs 400

Gold prices has reduced by PKR 400 in the Exchange market. According...

Prime Minister Imran Khan Pakistan
16th Oct, 2019

PM chairs high level meeting on law and order situation

Prime Minister Imran Khan presided over a high level meeting on law...

the Line of Control Pakistan
16th Oct, 2019

We shall never leave Kashmiris alone says COAS

Army Chief General Qamar Javed Bajwa said that Pakistan will never leave...