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Nawaz rejects petroleum prices hike summary

ISLAMABAD: Prime Minister Nawaz Sharif has rejected the proposal of Oil and Gas Regulatory Authority (OGRA) to hike petroleum prices in the country on Saturday, ARY News reports.

PM Nawaz Sharif rejected the summary of increase in petrol prices and announced Rs. 1.7 billion of subsidy. He said that federal government will bear the subsidy and ordered to continue the same rates.

It should be noted that Finance Minister Ishaq Dar had advised the Premier to reject the OGRA proposal.

Earlier, Nawaz Sharif had also rejected the proposal to hike the petroleum prices in January.



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