Federal govt slashed petrol prices by Rs 1 per liter

ISLAMABAD: The federal government announced decrease of Rs.1 on prices of per liter petrol, which would be now available at Rs 254.63 instead of its sale at Rs 255.63 earlier.

“The Oil & Gas Regulatory Authority (OGRA) has worked out the consumer prices of petroleum products, based on the price variations in the international market,” said press release issued by finance ministry.

However, the government kept prices of High Speed Diesel (HSD) unchanged at Rs.258.64, the press release added.

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Prime Minister Shehbaz Sharif announced on Saturday that petroleum prices would remain...

Earleir, Prime Minister Shehbaz Sharif announced that petroleum prices would remain unchanged.

In a video statement, he assured that the financial benefit of this decision would be passed on to the public through a reduction in electricity prices.

“We have decided to keep petroleum prices at their current levels, and the entire financial advantage will be transferred to the people through lower electricity rates,” he stated.

He further mentioned that a comprehensive package to cut electricity prices was in the final stages and would be revealed in the coming weeks.