ISLAMABAD: Fuel prices will not be increasing on June 1 as was being speculated.
The confirmation came on Tuesday when Federal Finance Minister Ishaq Dar confirmed that prices will not be increased.
Yesterday, the Oil and Gas Regulatory Authority (OGRA) sent a summary to the Ministry of Petroleum and Natural Resources suggesting an increase in prices of petroleum products for the month of June.
According to sources, the ministry requested a hike of 0.85 rupees per litre for petrol, 2.18 rupees per litre for high octane, 6.69 rupees per litre for diesel and 3.97 rupees per litre for kerosene oil.
Dar said the decision has been taken on the advise of Prime Minister Nawaz Sharif.
— Photo courtesy: PID