Petrol price to depreciate by Rs. 5 Per liter, OGRA sends summary

Aizbah KhanWeb Editor

29th Feb, 2020. 09:31 pm
Petrol price in Pakistan

Oil and Gas Regulatory Authority (OGRA) has sent the summary to Ministry of Energy (Petroleum Division) which recommends a depreciation in fuel prices.

After the approval from Ministry of Energy (Petroleum Division) the summary will be then forwarded to the Finance Ministry for approval.

OGRA has recommended that prices of HSD may be reduced by Rs. 7.23 per liter and petrol by Rs. 5.79 per liter, the sources maintained in the summary.

OGRA has calculated the price on the basis of Petroleum Levy of Rs. 18 per liter on the HSD, Rs. 15 per liter on petrol, Rs. 6 on kerosene oil, and Rs. 3 on LDO. The authority’s spokesperson refused to share the recommended prices of petroleum products.

Petroleum prices to remain unchanged for February

The petrol price will go down from the existing Rs. 116.6 per liter to Rs. 110.81 per liter and HSD price will reduce to Rs. 120.03 per liter from the current Rs. 127.26 per liter if the government approves the recommendation.

Petrol Price in Pakistan February 2020

Here are the new prices of petrol , light diesel, high speed diesel and kerosene for the month of February 2020

Fuel TypePrice Per Litre
Petrol116.6/Ltr
High Speed Diesel127.26/Ltr
Light Diesel84.51/Ltr
Kerosene Oil99.45/Ltr

Petrol Rate in Pakistan

The (OGRA) Oil and Gas Regulatory Authority is the authority to regulate the operations of petroleum products and gas. It also regulate the Petrol Prices in Pakistan. The Petroleum Prices in Pakistan are changed on monthly basis due to the change in rate in international market. Petrol Rate in Pakistan depend on various factors which include; economic conditions, globally transformation in oil and gas, political instability and etc.

(OGRA) Oil and Gas Regulatory Authority recommends the federal government about the Petrol rates, light Speed Diesel, High Speed Diesel, and Kerosene oil. Apart from that the prices are determined as per the area or region.

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