Petroleum prices to stay at the same level

Islamabad: Nawaz Sharif has declined the proposal of OGRA to increase the prices of petroleum products for the month of January. This step is taken to reduce the increasing poverty threat in 2014.

This is considered as the gift of PML-N government to maintain the prices at the current level. As inflation and poverty is affecting all sectors of life, increase in petroleum prices may hike the prices of all commodities.

A subsidy of more than 5 billion rupees is given to the general public in this regard. It is notice worthy that Pakistani Rupee has got better position and is stabling against dollar near PKR 102. This will help government to maintain the level of petroleum prices.

 

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