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Announcement of a new petrol price has been postponed

ISLAMABAD: The announcement regarding the change the new petrol price has been postponed due to Prime Minister Shahbaz Sharif’s attendance at the Shanghai Cooperation Organization summit in Uzbekistan.

The prime minister approves a revision to the POL rates every two weeks, but due to his hectic schedule, the decision has been delayed, sources said infosette.

PM Shehbaz met with leaders like Recep Tayyip Erdogan of Turkey and Vladimir Putin of Russia while he was in Samarkand for the SCO Council of Heads of State (CHS) conference.

“The prime minister’s instructions are being awaited by the finance ministry. The new rates won’t be released until the prime minister decides on the summary that was provided to him “sources claimed.

The News reported that the cost of gasoline was set to decrease from Rs235.98 per litre to Rs226.36 per litre after a reduction of Rs9.62 per litre over the following two weeks.

Nevertheless, a marginal price increase of Rs3.04 per litre is anticipated for diesel, bringing the price for the specified period from Rs247.26 per litre to Rs250.30.

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