The government on Saturday issued a statement citing that the petroleum prices for the next fortnight will remain unchanged, Aaj News reported.
Ishaq Dar said revision of petroleum prices will be made now fortnightly.
He said government’s decision not to increase prices of petroleum products despite like in the international market is a New Year gift to the masses.
The Minster however said prices of light diesel and kerosene oil will remain unchanged for the entire month of January.
He said federal government will bear a burden of around four billion rupees for not increasing oil prices.