The federal interim government on Thursday announced not to increase the oil prices despite Oil and Gas Regulatory Authority’s (OGRA) recommendation of a significant increase.
Earlier this week, the outgoing federal government of Pakistan Muslim League- Nawaz (PML-N) had decided to keep prices of petroleum products maintained for the month of June, rejecting a summary of hike in prices by Oil and Gas Regulatory Authority (OGRA).
OGRA had sent a summary to the power division, recommending hike of Rs8.37 per litre in petrol prices, while an increase of Rs12.5 per litre in diesel prices is recommended. The authority also recommended an increase of Rs8.30 and Rs11.65 in kerosene oil and diesel oil, respectively.
The former finance minister Miftah Ismail maintained that as the tenure of an elected government has ended tonight, it is now up to the caretaker government to make the decision over the OGRA summary.