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Govt refrains from hiking petroleum prices

ISLAMABAD: On the last day in power, the government has refrained from a massive hike in the price of petroleum products. Finance Minister Miftah Ismail said that the prime minister, on the recommendation of the ministry has decided to leave the prices of petroleum products unchanged till June 7. He said that the incoming caretaker government can decide new prices of petroleum products. "Since our govt ends today, and new prices of Petrol, Diesel and Kerosene Oil go in effect from tomorrow, therefore on Min of…

POL price hike: OGRA recommends Govt to increase prices by 17%

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has recommended an increase of up to 17% in prices of petroleum products to be applicable from June 1, 2018, ARY News reported. The regulator has forwarded a summary to the Ministry of Energy (Petroleum Division) on Wednesday with recommendations for a massive hike in prices of all petroleum products. An upward revision of Rs 8.37 per liter in petrol price and Rs 12.50 per liter in high-speed diesel rate is proposed by the regulatory authority. Whereas, the prices…