Petrol price reduced by Rs 1.80 per liter
The new prices will be effective from 6th August till 31st August.
ISLAMABAD (Dunya News) – The Finance Minister said it has been decided with the approval of the Prime Minister that the price of petrol will be decreased by Rs.1.80/ litre and price of diesel will be decreased by Rs. 2.50/ liter. The new prices will be Rs. 69.50/litre for petrol and Rs. 77.40/ liter for high speed diesel (HSD).
The Finance Minister said that rates of Kerosene Oil and LDO will not be increased even though substantial increase has been recommended in their prices. He said considering the low income consumers using these products it has been decided to maintain their prices at the current level (i.e. Rs. 44 per liter).
The Minister added that the decision to revise the prices for the month of August could not be taken on July 31 as there was no Federal Cabinet on that date. The prices during the first five days of August, therefore continued at the level prevalent in July 2017.
The new prices will be effective from 6th August till 31st August.
Earlier on July 28, Oil and Gas Regulatory Authority (OGRA) recommended Rs 3.67 per liter cut in petrol price.
OGRA also recommended revision of prices for Kerosene, high speed diesel and light speed diesel.
The price of high speed diesel was recommended to be hiked by Rs. 5.7 per liter, that of Kerosene by Rs. 13 per liter while that of light speed diesel by Rs. 10 per liter.
