ISLAMABAD: Minister for Finance, Senator Mohammad Ishaq Dar has said that government would provide Rs. 2.5 billion subsidy on petroleum products in month of July to facilitate the common man during the holy month of Ramzan.
The minister who is currently visiting Beijing, in a statement received here Tuesday said that with a view to facilitating people in the holy month of Ramadan, the decision has been taken not to increase the PoL prices as has been announced by the Prime Minister.
He said that the petroleum prices for the month of July shall not be changed and shall continue to remain at the level that were in June.
It may be recalled that Oil and Gas Regulatory Authority (OGRA) had suggested increase of Rs. 7.30 per litre in price of HOBC, Rs. 4.26 increase in petrol and Rs. 0.67 in Kerosene but the proposal was not accepted as it would have placed immense burden on the consumers.
So it was decided that prices of Pol items with effect from July 1, 2015 shall remain the same as in June and government will pay a subsidy of Rs 2.5 billion during the month of July.
