The Pakistani government has decided to maintain oil prices for the next fifteen days despite a sharp decline in international oil prices.
Until then, the price of petrol will remain at Rs 254.63, while the price of high-speed diesel will be Rs 258.64.
It is worth mentioning here that oil prices have fallen by about 14 % so far this month due to tariffs imposed by US President Donald Trump and concerns about increased supply from OPEC.
While chairing the federal cabinet meeting yesterday, Prime Minister Shehbaz Sharif announced that instead of passing on the reduction in petroleum prices in the international market to consumers.
They also explain the savings amount that will be used to construct the Kachhi Canal Phase 2, which will irrigate thousands of dry acres of land in Balochistan.
The federal cabinet also approved an amendment under the Petroleum Products (Petroleum Levy) Ordinance, 1961, on the recommendation of the Petroleum Division.
