The finance minister, Ishaq Dar, stated on Saturday that the price of petrol and diesel will not change in 2023.
During a live broadcast, the finance minister stated that the price of light diesel and kerosene will not change.
The Oil and Regulatory Gas Authority (Ogra), according to the finance minister, has recommended a slight increase in the tariff for kerosene and light diesel oil in response to a rise in the global price of petroleum products.
The government did not approve the regulatory authority’s recommendation on the orders of Prime Minister Shehbaz Sharif, Dar continued.
“The decision was taken after considering that the weather is cold and the poorest people use light diesel oil for tubewells while kerosene is also used by people earning the lowest incomes,” Dar stated.
“According to the prime minister’s directives, it has been decided that the government will absorb the levy on these two products and reduce the collected amount to maintain these prices.”
On December 15, the government reduced the price of gasoline by Rs. 10.
And reduce diesel prices by Rs. 7.5.
The price of kerosene oil was reduced by Rs 10 per litre on November 30.
while the price of light diesel oil was reduced by Rs 7.5 per litre.