Petroleum products prices to remain unchanged in February
01 February, 2020 02:06
Petroleum products prices to remain unchanged in February.
Government has decided to keep the Petroleum prices unchanged during current month.
The Finance Ministry has made this announcement.
January 2020 Petrol and diesel prices
Petrol and diesel prices increased with the arrival of new year.
Federal government had revised prices of POL products for January.
However, federal government take decision on POL prices on recommendations of Oil and Gas Regulatory Authority (OGRA).
The OGRA had sent a summary for hike in prices of petroleum products to the Petroleum Division.
It had recommended an increase of Rs2.61 per litre in petrol price and an increase of Rs2.25 per litre in diesel price.
OGRA recommended hike
Furthermore, it suggested an increase of Rs3.10 per litre in kerosene oil price while Rs2.08 per litre rise in light diesel oil price.
According to Finance Division, the new price of Petrol now 116.60 rupees per liter while High Speed Diesel 127.26 rupees.
Meanwhile, after approval of OGRA recommendations, government fixed Kerosene oil price at Rs 99.45 while the price of Light Diesel Oil at Rs84.51.
After approval, the price of petrol stood at Rs116.60, while diesel Rs127.26.
The new prices remained effective from January 1, 2020.
Hence, aforesaid prices will remain enforced during current month (February 2020) also.
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