Islamabad (Web Desk): Prime Minister Imran Khan on Saturday rejected the proposed increase in the prices of petroleum products for next 15 days keeping in view the public interest.
According to details, the proposal to increase the prices was sent by the Oil and Gas Regulatory Authority (OGRA) and the Finance Ministry.
The OGRA had recommended to increase the petrol price by Rs11.53 per liter, high speed diesel by Rs8.49, kerosene oil by Rs6.29 and light diesel by Rs5.72 per liter.
On October 15, the government has announced to increase the petroleum prices with immediate effect citing the fluctuation in the global oil prices.
The price of petrol had been increased by Rs10.49 per litre after which the new price jumped to Rs137.79 per litre.
The price of high speed diesel (HSD) had been enhanced by Rs12.44 per liter which now costs Rs134.48 per liter.
The price of light-speed diesel was also jacked up by Rs8.84 after which it rose to Rs108.35 per litre.
It is pertinent to mention that the prices of petroleum products are fixed by the government for 15 days.