ISLAMABAD: The interim Finance Ministry issued a notification on late Tuesday nigh
t which read that the prices of petroleum would remain constant for the month of August.
The notification added that the petroleum prices hav
e been retained at current levels in order to provide relief to the common man.
However, the Oil and Gas Regulatory Authority (OGRA) had
requested to increase the petroleum rates due to higher costs in the global market, it added.
According to the issued notification, the prices of petrol, diesel, kerosene, and light diesel will remain at
per-litre rates of Rs95.24, Rs112.94, Rs83.96, and Rs75.37, respecti
vely.
The notification read, “The general sales tax (GST) had to be slashed in order to maintain the current petroleum prices.”
Also read: OGRA suggests Rs 2.75 per litre hike in petrol price
The notification further added that the GST on petrol, diesel, kerosene, and light diesel had been reduced from 12 percent to 9.5 percent, 24 percent to 22 percent, 12 percent to 6 percent, and 9 percent to 1 percent, respecti
vely.
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