PM rejects summary to increase petroleum prices

BusinessPM rejects summary to increase petroleum prices

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ISLAMABAD: Prime Minister Nawaz Sharif has rejected a summary sent by the Oil and Gas Regulatory Authority (OGRA), seeking an increase in prices of all petroleum products for the month of July.

In a statement, a spokesman of the Prime Minister House said that the government would provide subsidy worth Rs500 million to maintain the prices at the existing level.

The prices of the petroleum products will remain unchanged in the country.

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