Petroleum prices to remain unchanged till Jan 31

Islamabad: Minister for Finance and Revenue Senator Muhammad Ishaq Dar Sunday said that the government has decided to keep the existing prices of petroleum products unchanged for next 15 days to facilitate the masses in the country, particularly to provide relief to lower-income people during intense winters.

Addressing a press conference, the minister said that these prices would be applicable from January 16, 2023 till January 31, 2023.

He said: ”The decision for keeping the existing prices of petroleum products unchanged in local market was taken under the special directives of Prime Minister Muhammad Shehbaz Sharif to provide relief to common man, particularly the lower income groups and ensure provision of fuel at household level on affordable prices to meet the winter requirements”.

The price of diesel will remain unchanged at current level and it would be available on existing price of Rs227.80 per liter, petrol Rs214.80 per liter, kerosene oil Rs171.83 per liter and light diesel oil at Rs169.00 per liter, he added.

Due to movements of petroleum prices in the international markets, the Oil and Gas Regulatory Authority (OGRA) has recommended Rs8.76 per liter increase in kerosene oil and Rs7.73 per liter of light diesel oil. However, the government has decided again to keep the existing prices of other oil products unchanged.