Sun, 2024-06-30 22:46
ISLAMABAD: The government on Sunday increased the per liter cost of petrol and high-speed diesel by Rs7.45 and Rs9.56, respectively, after taking credit for reducing petroleum prices by up to Rs35 since taking over following the last review.
Fuel prices are fixed on a fortnightly basis by the Oil and Gas Regulatory Authority (OGRA) in Pakistan, which adjusts them by considering fluctuations in the international energy market and rupee-dollar parity.
This allows the government to pass on the net effect to consumers to finance the country’s fuel imports.
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Read the full story at the Arab News Pakistan website.
