| Updated at: 0131 PST, Friday, January 28, 2011|
ISLAMABAD: The parliamentary committee on petroleum prices earlier on Thursday evening met here to review the prices of POL products, Geo News reported.
The committee was told that the fuel prices may see rise up to Rs.9.43 a liter if government drops subsidy from POL products.
Officials of petroleum ministry, attending the meeting, briefed committee that POL products’ prices may inflate by more than 13 percent upon withdrawal of subsidy.
Diesel prices will have to be hiked by Rs.9.20 per liter, officials told committee, adding that if government continues subsidy on POL products so Rs.12 billion will have to be spent additionally till the end of February.