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No change in gas costs, says Ishaq Dar

by Pakistan Latest News Update

Finance Minister Ishaq Dar on Sunday introduced that gas costs would stay the identical for the subsequent fortnight which ends on January 31.

“We are not changing the prices. The price of petrol will remain at Rs214.80, diesel will remain at Rs227.80, price of kerosene oil to remain at Rs171.83 while light diesel oil will remain at Rs169,” he stated.
Earlier this month, the federal government introduced to keep up the costs of petroleum merchandise at present ranges to offer some aid to the lots.
On December 15, the federal government reduce the value of petrol by Rs10 and diesel by Rs7.5.
The value of kerosene oil was slashed by Rs10 on Nov 30 whereas the value of sunshine diesel oil was lowered by Rs7.5 per litre.
The federal government had beforehand stored the costs of all petroleum merchandise unchanged on Oct 15, Oct 30, and Nov 15.Finance Minister Ishaq Dar whereas addressing the media in Lahore on necessary choices taken by the ruling coalition stated that petroleum costs can be “maintained as they are” and no modifications can be carried out for the remaining 15 days of January.
“Petroleum prices will remain as they are at Rs214.80 per litre. Diesel is being sold for Rs227.80 per litre and will remain as it is. Kerosene oil is currently priced at Rs171.83 per litre and that will also remain unchanged. Further, light diesel oil (LDO) i presently priced at Rs. 179 per liter, and that too shall remain unchanged for the next 15 days”, he clarified.
In a joint press convention earlier this week, the minister had clarified that the federal government was not contemplating any entry to overseas trade reserves held by the business banks, which he had stated had been the property of the residents.
“I have already said that Pakistan’s reserves are $10 billion. The figures I quoted were based on the principle that national foreign exchange reserves always include forex held with SBP and Commercial Banks,” he stated whereas replying to a query within the press convention held right here together with Prime Minister Shehbaz Sharif.

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