• Download the Constitution of Pakistan
  • Advertise
Friday, August 15, 2025
  • Login
NEWSLETTER
ECONOMY
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
ECONOMY
No Result
View All Result
Home Business

Petroleum products prices cut by 2.5 percent

by Web Desk
April 1, 2021
in Business, Economy, Main, New
Reading Time: 2 mins read
0
petroleum prices products cut by uptown 2.5 percent
Share on FacebookShare on TwitterLinkedinWhatsapp

On Wednesday, while increasing the tax rates, the government reduced prices of all petroleum products by up to 2.5 percent for the next 15 days to pass on the partial impact of the decline in the international prices.

According to a notification issued by the finance ministry, the ex-depot price of petrol was reduced by Rs1.55 per litre and that of high speed diesel (HSD) by Rs3 per litre. It also reduced the ex-depot price of kerosene and LDO by Rs1.55 and Rs1.56 per litre, respectively. 

As such, the ex-depot rate of high speed diesel (HSD) was fixed at Rs113.08 per litre instead of Rs116.08 per litre at present, showing a reduction of 2.58pc. Likewise, the ex-depot petrol price was set at Rs110.35 per litre against the existing rate of Rs111.90 per litre, down by 1pc. 

Similarly, the ex-depot price of light diesel oil (LDO) was fixed at Rs79.86 per liter instead of the existing rate of Rs81.42, showing a reduction of 1.85pc. Also, the ex-depot price of kerosene was set at Rs82.06 per liter, instead of Rs83.61, down by 1.91pc.

A senior finance ministry official said the petroleum levy on all products was increased to improve revenue collection. He said that Ogra had recommended a reduction of Rs5.55 per litre in HSD price to pass on the impact of international prices to consumers, but the federal government decided to increase tax rate by Rs2.55 per litre and reduce its price by Rs3 per litre. Petrol price was reduced as recommended by the regulator. 

Prices of petroleum products have been reduced for the first time in four months. The federal government kept the prices unchanged for three fortnights by reducing petroleum levy rates after increasing them for five consecutive fortnights.

Tags: Petroleum
Web Desk

Web Desk

Related Posts

Petrol prices

Petrol Likely to Rise, Diesel to See Major Cut from August 16

by Anum Arif
August 14, 2025
0

ISLAMABAD — Fuel prices in Pakistan are set for mixed changes from August 16, with petrol expected to see a...

Moody's

Moody’s Upgrades Pakistan’s Credit Rating to Stable

by Anum Arif
August 13, 2025
0

Moody’s has upgraded Pakistan’s credit rating from Caa2 to Caa1, shifting the outlook from positive to stable, citing notable improvements...

OGRA

Pakistan to Digitize Petroleum Supply Chain

by Anum Arif
August 13, 2025
0

The government has initiated a comprehensive plan to digitize the petroleum supply chain nationwide, aiming to curb smuggling and theft...

IMF PAK

Pakistan Awaits IMF Review, Eyes $1B Tranche in September

by Anum Arif
August 13, 2025
0

Finance Minister Muhammad Aurangzeb announced on Tuesday that an International Monetary Fund (IMF) delegation will arrive in Pakistan at the...

Pak and US trade

Pakistan Secures Major US Investment Promise

by Anum Arif
August 12, 2025
0

ISLAMABAD – Federal Minister for Finance Muhammad Aurangzeb has hinted at substantial US investments in Pakistan’s key economic sectors following...

Organic Meat

TOMCL Becomes First Pakistani Meat Exporter to Carrefour UAE

by Anum Arif
August 8, 2025
0

ISLAMABAD – The Organic Meat Company Limited (TOMCL) has made history by becoming the first Pakistani meat producer to secure...

Next Post
FBR collection hits

FBR company hits Rs473 billion in March

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About Us

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Important Categories

  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • YouTube
  • Linkedin
  • TikTok
  • WhatsApp
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Economy.pk - Web Development by Digital Otters

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

© 2024 Economy.pk - Web Development by Digital Otters