ISLAMABAD – The federal government has decided not to increase the price of any of petroleum goods as Prime Minister Nawaz Sharif ordered Minister of Finance to keep up the subsidy of Rs 1.7 billion.
The Prime Minister Nawaz Sharif rejected the Oil and Gas Regulatory Authority (OGRA)’s summary to increase the prices on Saturday.
Nawaz Sharif said in his note to the summary that relief must be given to the people of Pakistan.
Earlier, the OGR) had recommended up to Rs 2.43 per litre raise in prices of petroleum products from June 1.
The OGRA also recommended that the rates could be retained if government reduces levy on petroleum products.