Finance Minister, Senator Mohammad Ishaq Dar who is currently visiting Beijing, in a statement received here said that with a view to facilitating people in the holy month of Ramadan, the decision has been taken not to increase the PoL prices as has been announced by the Prime Minister.
OGRA, it may be mentioned suggested increase of Rs. 7.30 per litre in price of HOBC, Rs. 4.26 increase in petrol and Rs. 0.67 in Kerosene but the proposal was not accepted as it would have placed immense burden on the consumers. So it was decided that prices of Pol items w.e.f 1st of July 2015 shall remain the same as in June.
The government will pay a subsidy of Rs 2.5 billion in the month of July for providing this relief to the people.
Currently price of High Octane Bleeding Component (HOBC) stands at Rs.80.89 per litre, Petrol at Rs.77.79, High Speed Diesel (HSD) at Rs.87.12, Light Speed Diesel (LDO) at Rs.61.51 and Kerosine Oil at Rs.64.94.