Federal Minister for finance Ishaq Dar confirmed that government refused the summary of Oil and Gas Regulatory Authority (OGRA) for hike in Petrol price from January 1.
The government has decreased the prices of high speed diesel, light diesel and kerosene oil for the next month. Announcing reduction in prices at a press conference in Islamabad, Ishaq Dar said that the price of high speed diesel has been reduced by three rupees to 80.79 from 83.79, light diesel by 8.29 rupees to 44.94 from 53.23 rupees and kerosene oil by 8.7 rupees from 56.32 to 48.25 rupees.
The Finance Minister said the prices of petrol and high octane are being maintained at the current level of 76.26 and 80.66 rupees respectively.
Earlier, Prime Minister Mian Moahmmad Nawaz Sharif on Thursday has rejected the summary o fOGRA for hike in Petrol price.
While addressing the launching ceremony of National Health Programme premier said that Petrol prices will remain unchanged in the month of January.