The federal government Monday decided to continue with the regular petroleum prices, rejecting the summary sent earlier by the Oil and Gas Regulatory Authority.
According to an official notification issued by the finance ministry, the decision was taken in the light of rise in petroleum prices in the international market. It further said the petroleum prices are expected to rise internationally from mid-December.
The OGRA had recommended a reduction in the fuel prices, with a proposal of a Rs 2.55-a-litre cut in petrol prices, as per a summary sent to the Petroleum Division on Friday. Sources said OGRA had recommended the per-litre prices of petrol, diesel, and light diesel oil to be reduced by Rs 2.55, Rs 3.23, and Rs 2.41, respectively.