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Petroleum Ministry rejects summary for fuel price increase

ISLAMABAD: The Ministry of Petroleum on Thursday rejected the Oil and Gas Regulatory Authority’s (OGRA) summary seeking an increase in the price of petroleum products, Dispatch News Desk (DND) reported.

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The Ministry said the profit of oil marketing companies and dealers had not been included in the summary.

On Tuesday OGRA forwarded a proposal to the Ministry of Petroleum seeking a per litre increase of Rs3.52 in the price of petrol.

It is pertinent to mention that the Economic Coordination Committee (ECC) in a meeting held on Tuesday approved an increase in profit margins of oil marketing companies and petroleum dealers by 10 paisa per litre on high-speed diesel on a summary moved by the Ministry of Petroleum.

DND

Asad Haroon
Asad Haroon
A netpreneur, blogger and above all; A Human :) Asad tweets from @aghaasadharoon and can also be approached on Google+

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