To “give comfort to the public,” the federal government said on Saturday that it will not raise fuel prices in the next two weeks, despite a recommendation from the Oil and Gas Regulatory Authority (OGRA).
Fuel prices have been set at Rs214.80 per litre for petrol and Rs227.80 per litre for diesel, as stated by Finance Minister Ishaq Dar in a video message.
According to the finance minister, the government has decided to keep the price of kerosene oil at Rs171.83 per gallon and the price of light diesel oil at Rs169 per gallon because of the upcoming winter season.
The minister also said that the government has eliminated the tax on kerosene oil and light fuel. In addition, he said that the decision to keep on was made despite a “increase” in the pricing of petroleum goods on the international market.
The Finance Minister Said, “ll these decisions have been taken in line with Prime Minister Shehbaz Sharif’s directions and the prices will remain intact till January 15, 2023.”
Financial Minister subsequently tweeted that the prices had been kept the same “to bring relief to the ordinary man notwithstanding a rise in the pricing of certain items on the foreign markets!”