PM Shehbaz Sharif rejects summary regarding increase in prices of POL products

ISLAMABAD (92 News) - Prime Minister Shehbaz Sharif has rejected the summary regarding an increase in the prices of POL products.

Sources in the Finance Ministry said that the petrol prices will not be increased today. They said that there was no possibility of the increase in the prices of petrol and diesel by Rs23 and 53 per litre today.

Earlier, the Oil and Gas Regulatory Authority has proposed an up to Rs55 per litre increase in the prices of the POL products. According to a summary sent by the OGRA to the Finance Ministry, it has been proposed to increase the petrol and diesel prices by Rs29 and Rs55 per litre.

After the approval of Prime Minister Shehbaz Sharif, the Finance Ministry will issue a notification of the prices of POL products.

On the other hand, the petroleum dealers and oil marketing companies have demanded to increase the margin by six percent. They have announced a countrywide strike from July 1 if their demands were not fulfilled.