Govt decides to keep PoL prices unchanged for May

ISLAMABAD (92 News) – The government has decided to keep the prices of petroleum products unchanged for May.

The government will bear a revenue loss of 2.77 billion rupees for maintaining the same prices.

Earlier, The Oil and Regulatory Authority (Ogra) had recommended hiking fuel prices by Rs3.25 per liter. The regulatory authority had forwarded a summary to the Petroleum Division seeking upward revision of fuel prices.

Ogra proposed increasing petrol by Rs1.9 per liter and high-speed diesel by Rs3.25 per liter. It added that the price of kerosene and light diesel is also expected to increase.