The federal government announced a significant reduction in petrol prices by Rs15.39 per litre for the upcoming fortnight.
After receiving approval from Prime Minister Shehbaz Sharif, the Finance Ministry issued a notification detailing the revised prices of petroleum products. As per the notification, the new price of petrol has been set at Rs273.10 per litre after a reduction of Rs15.39. Additionally, the price of high-speed diesel (HSD) has been decreased by Rs7.88 to Rs274.80 per litre.
Products | Existing price | New price | Increase/Decrease |
Petrol | Rs288.49 | Rs273.10 | -15.39 |
High Speed Diesel (HSD) | Rs281.96 | Rs274.08 | -7.88 |
Furthermore, the price of light diesel has been slashed by Rs7.54 per litre, bringing it down to Rs161.17 per litre. Similarly, the price of kerosene oil has been reduced by Rs9.86 per litre, resulting in a new price of Rs173.48 per litre.