Petroleum Prices to Remain Unchanged in November

Petroleum Prices to Remain Unchanged in November

We earlier reported you that the Government had allowed the import of the high Research Octane Number (Ron) 92. Pakistan State Oil (PSO) to import the Research Octane Number Ron 92 petrol in Pakistan in November 2016. The high quality fuel Ron 92 will be available for use in Pakistan in month of November and the government has decided to remain the petroleum price unchanged.

Prime Minister Nawaz Sharif has rejected the summary of the Oil and Gas Regulatory Authority (OGRA), which suggested raising the oil prices up to 15 % for November. OGRA proposed the petroleum price increase summery over the uptick of petroleum prices in International market.

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PM said that the petroleum prices will remain unchanged in November and the government would bear the financial burden of four billion rupees.

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