Government hints another increase in POL prices


Citing a price hike in international petroleum prices, the government has hinted at increasing POL prices for the month of March.
Petroleum Secretary Ejaz Chaudhry told the National Assembly’s Standing Committee on Petroleum and Natural Resources on Wednesday that the government might have no option but to increase the prices because of the uprising trend of international oil market.
Petrol prices could be raised from 94 paisas to 2.68 rupees, whereas diesel prices could be raised by 94 paisas.
The Oil and Gas Regulatory Authority (OGRA) has started working on the recommendations, sources told a private television news channel.