Caretaker government cuts petrol price by Rs8 per litre and diesel rate retains at Rs276.21 per litre
ISLAMABAD: In a sigh of relief, the caretaker government on Monday reduced the price of petrol for the next fortnight by Rs8 per litre to Rs259.34 per litre.
The Finance Division notified the new prices of the petroleum products for the next fortnight starting from January 16 (Tuesday), as per the Oil and Gas Regulatory Authority’s (Ogra) recommendations.
However, the diesel rate was retained at Rs276.21 per litre.
| Products | Existing price | New price | Increase/Decrease |
| MS (Petrol) | Rs267.34 | Rs259.34 | -Rs8 |
| High Speed Diesel (HSD) | Rs276.21 | Rs276.21 | Rs0 |
| Kerosene oil | Rs188.83 | Rs186.86 | -1.97 |
| Light diesel oil | Rs165.75 | Rs164.83 | -0.92 |
There was a reduction in kerosene oil and light diesel oil rates by Rs1.97 and Rs0.92 per liter in the fresh revision.
It arose on Sunday that the petroleum cost would go somewhere near over Rs5, while the high-speed diesel (HSD) may not observe any adjustment of the forthcoming fuel costs audit, The News revealed citing sources.
In any case, no adjustment of HSD cost was normal following a decline in the costs of POL [petrol, oil and lubricants] in the global market enrolled in the continuous fortnight, and the increment of rupee esteem against the US dollar, a senior government official told The News.
In the past fortnight, the public authority had kept up with petroleum and diesel rates at Rs267.34 and Rs276.21 per liter separately.
The price of Kerosene oil had dropped to Rs188.83 after a reduction of Rs2.19 per litre while Light Diesel Oil will be sold at Rs165.75 as the government has increased the commodity’s price by Rs1.11.
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