ECC approves to fix petrol price at Rs108 per liter
May 3, 2019
ISLAMABAD (92 News) – The Economic Coordination Committee (ECC) has approved to fix the petrol price at Rs108 per liter. The meeting was presided over by Finance Adviser Hafeez Shaikh. The Oil and Gas Regulatory Authority (OGRA) had recommended an increase of Rs14per liter. Prime Minister Imran Khan had sent the matter of increase in the prices of the POL products. Moreover, the ECC has increased the diesel price by Rs4.89 per liter. Sources said that the government would give Rs5 billion as subsidy.Meanwhile, the OGRA suggested an increase of Rs1 in the price of light diesel. The finance ministry will take a decision on the summary after approval from Prime Minister Imran Khan today (on Thursday). The new price will be implemented from February 1, 2019.