Islamabad: Federal Minister for Finance Ishaq Dar on February 27 has said that the petroleum products’ prices would sustain through the next month upon the directives of Prime Minister (PM) Nawaz Sharif.
He said that upon the directives of PM Nawaz the people of the country would enjoy the reduced petroleum prices through March also.
The Oil and Gas Regulatory Authority (OGRA) had appealed the government to increase the petrol price by at least Rs 5.59 and kerosene oil by Rs 7.32 while reduce diesel price by at least Rs 5.49. The sales tax over diesel is being increased from 27 percent to at least 36 percent whereas it is being reduced on petrol from 27 percent to at least 18 percent.
He said that the government has reduced the petroleum products’ prices by at least Rs 30 to Rs 50. Dar said that Pakistan has achieved white position according to the international standards whereas at least three years earlier it was holding grey position.