Islamabad, May 31, 2014 (PPI-OT): Finance Minister Senator Ishaq Dar, called on the Prime Minister Muhammad Nawaz Sharif. The Finance Minister briefed the Prime Minister on cumulative reduction in POL prices during the last three months and informed that the economic policies, stabilization of the value of rupee and increase in the foreign exchange reserves has already resulted in reduction of POL prices in the Country.
He informed the Prime Minister that the OGRA has suggested increase in prices of Petrol, HSD, LSD and HOBC and decrease in price of Kerosene Oil for the next month. Prime Minister directed that the prices of the petroleum products where OGRA has suggested increase should be kept at the same level and the decrease in price of kerosene oil will be passed on the consumers, on recommendation of Mr. Ishaq Dar. The Government will provide subsidy amounting Rs.1.78 billion to offset the difference in prices of POL products.
PRICES OF POL PRODUCTS WEF JUNE 01, 2014
Product Current month’s prices OGRA recommended price PM approved price w.e.f. 1-6-2014
MS (Petrol) 107.97 109.28 107.97
High Speed Diesel 109.34 111.15 109.34
Light Diesel Oil 94.13 95.14 94.13
HOBC 134.63 137.12 134.63
Kerosene 98.07 97.40 97.40
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