The federal cabinet Friday rejected a proposal to increase the petroleumprices by Rs35 per litre.
The cabinet has left the issue to the next government after theno-confidence motion to increase the POL prices.
The petroleum division has recommended a Rs35-per-litre hike in petroleumproducts.
The petroleum division recommendation has come in the backdrop of shortageof petroleum products and the division has sent a summary to the federalcabinet in this regard.
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The petroleum division said that the Oil Marketing Companies were facingfinancial problems due to price differential claim, suggesting Rs27/litrehike in the price of petrol and Rs35/litre increase in high speed diesel.
