Oil and gas regulatory authority is busy working on an initial report to increase the fuel prices by 15 % from March 1.
Although the international crude oil prices have reached a new two and a half year standing above 105 $ per barrel, ministry of finance says that the increase in fuel prices is due to subsidization hit that government have taken of Rs15 billion. And latest revision of fuel prices is going to be done to transfer the subsidization hit government had to suffer.
Although the international crude oil prices have reached a new two and a half year standing above 105 $ per barrel, ministry of finance says that the increase in fuel prices is due to subsidization hit that government have taken of Rs15 billion. And latest revision of fuel prices is going to be done to transfer the subsidization hit government had to suffer.