Special Assistant to Prime Minister on Political Communication Shahbaz Gill on Thursday said the federal government has approved an increase in the price of petrol by Rs5.40 per litre.
The special assistant, in a series of tweets, said: "Prime Minister [Imran Khan] went against OGRA's recommendation and approved Rs5.40 increase in petrol price keeping in mind public interest."
The price of high speed diesel has been hiked by Rs2.54 per litre, kerosene oil by Rs1.39 per litre, and light diesel oil by Rs1.27, the special assistant said in his thread of tweets.
Gill added that the government would now bear the burden as it has decided against OGRA's recommendations in a bid to provide "maximum relief to the people".
The Oil and Gas Regulatory Authority (OGRA) had recommended an increase of Rs11.40 per litre in petrol price.
Finance Division lowers the rate of petrol by Rs5 to Rs140.82 per litre; prices to come into effect from Dec 16
The reluctance of SBP to intervene in foreign exchange market to ease the pace of the currency's decline triggers a...
Monetary Policy Committee met today for the first time after Pakistan reached a staff-level agreement with the IMF
The price of diesel is expected to be cut down by Rs9 per litre for next fortnight, sources say
Leap in CPI was caused by increases in a wide range of items, including a 6.1% jump in gasoline prices
Shaukat Tarin confirms that a $3 billion Saudi deposit has been received by the State Bank of Pakistan