The government has decided to reduce the prices of petroleum products for 15 days.
The Minister for Finance, Revenue, Industries & Production, Hammad Azhar announced the news via Twitter.
As per the details, petrol prices have decreased by Rs 1.79 and the price of diesel has reduced by Rs 2.32.
The prices will be applicable from tomorrow.
On the other hand, the Kerosene price has reduced by Rs 2.06 and Light Diesel Oil has been reduced by Rs2.21.
The Prime Minister has approved a reduction in petrol prices by Rs 1.79 and the price of diesel by Rs 2.32 applicable from tomorrow.
Reductions in kerosene and light diesel oil too as per below: pic.twitter.com/ubT0Re7j6t
— Hammad Azhar (@Hammad_Azhar) April 15, 2021
Hammad Azhar also said that ,
“This follows the reduction in prices of Rs 1.55 for petrol and Rs 3 for diesel announced by the government on 1st April.”
Earlier today, the Oil and Gas Regulatory Authority (OGRA) had suggested a reduction in the price of petroleum products for the next 15 days.
According to the details, OGRA in its summary to the petroleum division suggested a reduction of Rs 2 per litre in the petrol price during the last 15 days of April. The authority has also suggested a reduction of Rs 2 per litre in the diesel price.
OGRA in its summary also proposed to maintain the petroleum levy and not to increase it for the next fifteen days of the current month.