On Saturday, the government has announced to reduce Rs1.57 per liter in the price of petrol for the next 15 days.
According to the details, Rs0.84 has been decreased from the high-speed diesel (HSD) prices per liter. On the other hand, the prices of kerosene oil and light diesel will remain unchanged.
Petrol price has been decreased by Rs1.57 to Rs102.40 per liter and HSD will be sold at the rate of Rs103.22 per liter for the next 15 days.
The Ministry of Finance said in a notification that the kerosene oil and light diesel prices will remain unchanged and will be available for the consumers at the rate of Rs65.29 and Rs62.82 per liter.
It is pertinent to mention here that the Oil and Gas Regulatory Authority (OGRA) today recommended up to a Rs 2 decrease in petrol prices for the month of November.
OGRA has sent a summary of the reduction in prices of petroleum products to the government.
According to the summary, the OGRA has recommended a Rs 1.50 cut in the per liter price of petrol and Rs2 in the price of high-speed diesel (HSD). The finance ministry will announce new fuel prices for November after Prime Minister Imran Khan’s approval.