According to the Oil and Gas Regulatory Authority (OGRA), there is an abundance of petroleum products in the country, but prices of petroleum products are not being increased.
In a statement, the OGRA spokesperson said that the oil marketing companies have been directed to ensure supply at petrol pumps.
It may be recalled that after the rumors of increase in the prices of petroleum products on social media, the citizens started rushing to the petrol pumps in different cities and some of the pumps stopped the supply of fuel due to long queues of vehicles.
On the other hand, the government has termed the news of increase in petrol prices as baseless.
In a statement, Federal Minister for Finance Muftah Ismail said that he did not mention any increase in prices of petroleum products in the pre-budget seminar.
Muftah Ismail said that there was no increase in the prices of petroleum products today.