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PTI Government Slashes Petroleum Products Prices

Islamabad (September 01, 2018): The federal government has reduced the petroleum prices up to Rs 6 per liter. 

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The new prices came into effect from last night.

According to notification, petrol price cut by Rs 2.41 per liter, while high-speed diesel slashed by Rs 6.37 per liter.

The prices of kerosene oil decreased by 46 paisa, while the prices of light diesel increased by 59 paisa.After Rs. 2.41 cut, the new price of petrol stands at Rs92.83 per liter, High-Speed Diesel Rs 106.57, Kerosene Oil Rs 83.50 and Light Diesel Rs 75.96 per liter.

Earlier on Thursday, the Oil & Gas Regulatory Authority (OGRA) had submitted a summary to the petroleum division recommending that the petrol prices should be decreased by at least Rs2 per liter starting from September 1.

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The regulatory authority had forwarded a summary to the petroleum division suggesting a cut of at least Rs2 in the oil prices.

The summary also refers to other petroleum products whose prices should be decreased under monthly readjustment formula.

It was recommended that the rate of diesel be decreased by Rs6 per liter and kerosene oil Rs30 paisa per liter, while the rate of light diesel price proposed to be increased by 70 paisa per liter.

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