Live Update, New Petrol Price in Pakistan 1st Aug 2016.Federal Finance Minister Ishaq Dar while addressing a press conference on Saturday announced that the government has decided not to increase the prices of the petroleum products for the month of August, reported Dunya News.
New Petrol Price in Pakistan 1st Aug 2016 Live Update Dar stated that the prices of five petroleum products shall not be changed during August as per the instructions given by Prime Minister (PM) Nawaz Sharif.
New Petrol Price in Pakistan 1st Aug 2016 Oil and Gas Regulatory Authority (OGRA) forwarded a summary to Finance Ministry on Friday regarding the increase in the prices of petroleum products. OGRA suggested an increase of Rs 2.12 in the price of petrol, Rs 0.26 increase in the price of high-speed diesel whereas an increase of Rs 3.94 was suggested in the price of kerosene oil.
It was also suggested by the institution that the price of High octane be increased by Rs 0.60 whereas the price of light-speed diesel be lessened by Rs 1.24.
He said that the decision was taken on the directive of Prime Minister Nawaz Sharif. Ishaq Dar further said that petroleum prices in Pakistan were the lowest in the region.