PNQ: No Increase in Fuel Prices According to Cader Sayed Hossen

Although the State Trading Corporation hopes to raise about Rs 350 million from a one rupee for Levy to subsidize the purchase of buses semi-low floor , the Minister Cader Sayed-Hossen said at the National Assembly on Tuesday morning, there will be no increase in the prices of petroleum products. " Unless oil prices takes the elevator on the world market , "said he, however, said. The PNQ Paul Berenger focused on this new puncture in favor of bus companies, including private operators.

The Minister also informed the House that since March, Rs 586 million has been donated toPrice Stabilization Account from the surplus realized on the sale of gasoline and diesel. Of this amount, Rs 305 million were used to finance the accumulated 28 February 2013 on the sale of petroleum products deficit.

In that it is the accumulated losses of Rs 4.94 billion for the year of hedging done by the STC in 2008, Cader Sayed Hossen said that the amount has been recovered in full and returned to banking institutions .