ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday rejected the Oil and Gas Regulatory Authority (Ogra) summary, demanding an increase in prices of oil products from June 16, ARY News reports.
Finance Department Notice in this question is posted here on Wednesday.
current price of gasoline costs Rs 209.86, diesel Rs 204.15, kerosene Rs 181.94 and light diesel priced at Rs 178.31.
OGRA PROPOSES INCREASE IN GASOLINE AND DIESEL PRICES FROM JUNE 16
Oil regulatory authority in in the summary it was proposed to increase in oil prices from June 16 in preservation light with negotiation made with International Monetary Fund (IMF).
Power had also proposed to stop subsidies on Fuel prices, the sources said.
Read more: “GOVERNMENT INCREASED OIL PRICES IN THE INTEREST OF PAKISTAN”
Despite the increase of 60 rubles per liter. in oil prices in past 15 days t. government still subsidizes gasoline at Rs 9.3 per liter and diesel at Rs 23.05 per liter.
federal government recently raised prices of petroleum products at 60 rupees per liter during the span of a week after the IMF refused to disburse a US$1 billion tranche, demanding the cancellation of of subsidies on fuel and electricity.
