close
Thursday November 21, 2024

Petroleum prices to remain unchanged

The caretaker government has decided not to change the prices of petroleum products for the the month of August, said the statement issued by the ministry of finance on Tuesday.

By Web Desk
August 01, 2018

ISLAMABAD: The caretaker government has decided not to change the prices of petroleum products for the the month of August, said the notification issued by the ministry of finance on Tuesday.

As per notification,  the caretaker government did not support the recommendation of Oil and Gas Regulatory Authority (Ogra) to increase  prices of  petroleum products in August.

According to the ministry, the decision to keep oil prices unchanged, was taken to give relief to the  masses. The prices may remain unchanged until August 31, unless the caretaker prime minister feels the need for a change.

The FBR has sharply reduced the rate of GST on almost all the petroleum products to keep the prices unchanged.

The Oil and Gas Regulatory Authority (Ogra) had recommended an increase in prices of petroleum products for  August and the government was supposed to announce it on July 31.