Federal government issues notification over petroleum prices
Shares
*ISLAMABAD - **Federal government issues notification over petroleum prices for the month of July.*
Federal government has decided not to increase the prices of petroleum products for the month of July.
“The existing price of June, 2019 will remain unchanged for the next month,” said a statement issued by the Ministry of Finance late on Sunday.
The Oil and Gas Regulatory Authority (Ogra) had recommended to the government a reduction of Rs0.77 per litre in the petrol price and a hike of Rs2.30 per litre in the HSD price for July, 2019.
The regulator had also proposed an increase of Rs0.26 per litre in the price of light diesel oil (LDO) and a reduction of Rs2.94 per litre in the price of kerosene oil.
The regulator, on the other hand, has issued a notification of an increase of up to 168% in gas prices for domestic, commercial and industrial sectors, effective from July 1.
