ISLAMABAD: Finance Minister Ishaq Dar on Wednesday announced the prices of petroleum products for the period starting from June 1 to June 30.
He said the Ministry of Petroleum & Natural Resources and OGRA have recommended an increase of Rs 13.54/litre in the price of kerosene oil, increase of Rs 9.28/litre in the price of light diesel oil (LDO). A decrease of Rs 2.43/litre in the price of MS 92 RON petrol and decrease of Rs 3.31/litre in the price of high speed diesel.
The minister said that it has been decided to maintain the prices of kerosene oil and LDO at the current level. He also said that Nawaz Sharif has directed to reduce the prices of MS 92 RON Petrol and HSD by Rs 1.20/litre and Rs 1.60/litre, respectively. The new prices for diesel will be Rs 81.40/litre and for petrol Rs 72.80/litre.
He highlighted that the government has absorbed significant impact of price increases since April 2016 and has suffered considerable loss of revenue. During this period only partial increases have been passed on since December 2016.
