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Business News of Monday, 1 January 2018

Source: starrfmonline.com

Prices of petrol, LPG won’t change in January – NPA

File photo: NPA hints that petrol will remain at 12 pesewas per liter File photo: NPA hints that petrol will remain at 12 pesewas per liter

The National Petroleum Authority has said prices of LPG and Petrol will remain same in January as 2018 beckons.

According to the NPA, the move is in line with drop in crude and petroleum prices at the world market, as well as stability in the Exchange Rate.

The Authority has equally activated the Price Stabilization and Recovery Levy to stem potential upward adjustment in the price of diesel.

In a statement the NPA said it wishes to assure the public of its commitment to monitor the situation in order to ensure the full benefit of the reduction is felt.

This means that petrol will remain at 12 pesewas per liter, diesel and LPG prices will also continue to sell at 3 pesewas per liter.