Petroleum prices will remain unchanged for the month of October, said a statement issued by the Ministry of Finance.
According to a notification issued by the finance ministry on Monday, the existing price of September 2019 will remain unchanged for the next month.
The decision was taken in light of the rise in petroleum prices in international market, the notification read.
It further stated that the petroleum prices are expected to rise internationally from mid-December and the trend of rise in prices will continue until November.
On Friday, the Oil and Gas Regulatory Authority (OGRA) recommended a reduction in the fuel prices, with a proposal of a Rs2.55-a-litre cut in petrol.
The OGRA suggested to decrease the per-litre prices of petrol, diesel, and light diesel oil to be reduced by Rs2.55, Rs3.23, and Rs2.41, respectively.
Furthermore, the rate of kerosene oil has been proposed to reduce by Rs1.19 per litre. The prices of petroleum products will be updated from October 1, 2019.
Earlier last month, the government had reduced the prices of petroleum products by Rs.4.59 per litre for petrol, Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan said in a tweet.
According to a notification issued by Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan, the price of petrol has been reduced by Rs4.59 per litre, bringing down its price from Rs117.83 per litre to Rs113.24 per litre.
The price of kerosene oil has also been reduced from Rs103.84 per litre to Rs99.57 per litre, showing a decrease of Rs4.27 per litre.
Similarly, the price of light diesel oil has been reduced by Rs5.63 per litre, from Rs97.52 per litre to Rs91.89 per litre.
These prices would be applicable from September 1.
