Petroleum prices to stay unchanged in July

Islamabad, June 30, 2015 (PPI-OT): The petroleum prices for the month of July shall not be changed and shall continue to remain at the level they were in June. Finance Minister, Senator Mohammad Ishaq Dar who is currently visiting Beijing, in a statement received here said that with a view to facilitating people in the holy month of Ramadan, the decision has been taken not to increase the PoL prices as has been announced by the Prime Minister.

OGRA, it may be mentioned suggested increase of Rs. 7.30 per litre in price of HOBC, Rs. 4.26 increase in petrol and Rs. 0.67 in Kerosene but the proposal was not accepted as it would have placed immense burden on the consumers. So it was decided that prices of PoL items w.e.f. 1st of July 2015 shall remain the same as in June. The government will pay a subsidy of Rs 2.5 billion in the month of July for providing this relief to the people.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +92-51-9252323 and +92-51-9252324
Fax: +92-51-9252325 and +92-51-9252326