Meanwhile, the average rate of dollar also declined from Rs235.95 to Rs222.13 and its impact on oil prices had been worked out at Rs13.82 per litre. However, an increase was suggested in the price of diesel by Rs11 per litre, kerosene oil by Rs4.52 per litre and LDO by Rs7.48 per litre. The finance minister had received a summary in Washington which was moved by the Oil and Gas Regulatory Authority (Ogra).ĭar said in the video statement that he had consulted Prime Minister Shehbaz Sharif and decided to keep the oil prices unchanged.Īccording to recommendations, a minor reduction was suggested in the price of petrol whereas a proposal to increase the price of diesel, kerosene oil and light diesel oil (LDO) was on the cards.ĭar said the government would not pass on the recommended minor reduction in the price of petrol to the consumers.Īccording to the industry officials, a reduction in the price of petrol by around Rs10 per litre was in the offing.

As the by-polls are being held on Sunday (today), the PML-N led coalition government on Saturday decided to keep the prices of petroleum products unchanged apparently in a bid to win the support of the voters and produce a “feel-good effect” to dilute the political noise being created by the PTI.įinance Minister Ishaq Dar, who is in the United States to hold important meetings with the global lending institutions, announced in a video statement that rates of oil would be maintained for the next fortnight – October 16 to 31.

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