Federal Minister for Finance and Revenue Ishaq Dar brushed off reports claiming that the Oil and Gas Regulatory Authority (OGRA) had recommended a reduction in the rate of petrol in the latest fortnightly update, terming them as “baseless and untrue”.

“Some reports have been circulating in the press and electronic media stating that OGRA made recommendations to the government for a reduction in the price of Motor Spirit/Petrol with effect from 1st May 2023, which are baseless and untrue,” said the finance minister on Twitter on Tuesday.

On Sunday, Dar announced that the government had decided to keep the price of petrol unchanged at Rs282 per litre for the next fortnight, while the price of high-speed diesel (HSD) will be reduced by Rs5 per litre.

In a brief video address, Dar also said the prices of light-speed diesel and kerosene oil have been slashed by Rs10 per litre.

Before a price-revision, OGRA, the regulator, sends its recommendations to the prime minister who reviews the changes, if any, before making a final announcement.

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Mian Nawaz Sharif-Shit May 02, 2023 03:17pm
Well; they are following in your footsteps. You lie they lie.
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AmirSh May 02, 2023 04:52pm
Where there is smoke there's fire. Very hard to believe this guy.
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Shoaib May 02, 2023 07:00pm
You are killing poor people completely. Living in Pakistan is now Impossible.
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Aamir Latif May 03, 2023 11:59am
OGRA should be mandated to announce price revisions after GoP revision instead of FM which is undesirable. Best is to deregulate Petroleum products to maintain it's market price based on cost instead by GoP. A goat step to minimize economical shocks as one major killer in our slim economy
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