Government slashes petrol price by 5 rupees per liter

Price of petroleum products to drop from May 1: Hafeez Sheikh

ISLAMABAD: The government has decided to decrease the prices of petroleum products for March to provide relief to the consumer.
According to a statement of the Finance Division on Saturday, the prices of Petrol and High-Speed Diesel have been reduced by 5 rupees per liter each while the Kerosene and Light Diesel Oil will be sold out decreasing 7 rupees per liter each.
After the revision of prices, the petrol price has been fixed at Rs 111.60, high-speed diesel at Rs 122.26, kerosene oil at Rs 92.45, and light diesel oil at 77.51 rupees per liter.
The statement said that the government is committed to extending relief to the public whenever fiscal space becomes available.
The new prices will come into effect from midnight.
Earlier on Friday, the Oil & Gas Regulatory Authority (Ogra) had submitted a summary to the Petroleum Division suggesting a cut of at least Rs5.79 per liter in the petrol price.
The summary had also recommended reducing the price of high-speed diesel (HSD) by Rs7.23 per liter.


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