Prime Minister Shehbaz Sharif on Wednesday rejected the Oil and Gas Regulatory Authority (Ogra) summary, seeking an increase in the prices of petroleum products from June 16.
A notification from the Finance Division in this regard issued here on Wednesday.
The current price of petrol stands at Rs209.86, diesel at Rs204.15, kerosene oil at Rs181.94 and light diesel at Rs178.31.
The oil regulatory authority in a summary had proposed an increase in petroleum prices from June 16 in keeping light with negotiations made with International Monetary Fund (IMF).
The authority had also suggested ending subsidies on fuel prices, said sources.
Despite Rs60 per litre increase in petroleum prices in past 15 days, the government is still providing subsidised petrol at Rs9.3/litre and diesel at Rs23.05/litre.
