Petrol prices to remain unchanged for February

ISLAMABAD: The government has decided to keep petrol prices for the month of February unchanged. 

Authorities have decided to keep the price of petrol unchanged at Rs116.60 per litre for the month of February as well. 

Earlier, the Oil and Gas Regulatory Authority (Ogra) had recommended to increase the prices of diesel and Light Diesel Oil (LDO) by Rs2.47 and Rs1.1 a litre respectively for February, reported The News.

The authority had also recommended a reduction in the prices of petrol and kerosene by Rs0.06 and Rs0.66 respectively. 

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An official said Ogra had forwarded the summary to the Ministry of Energy (Petroleum Division) which would then forward it to the finance ministry for final approval before making it public.

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Since July 2019, Pakistan has been receiving monthly oil supplies worth $275 million from Saudi Arabia. Under this arrangement, Pakistan will get $9.9 billion over three years.

Originally published in The News