On Tuesday, the Finance Division announced a reduction of Rs 1.50 per liter in the price of petrol.
As a result, petrol will now cost Rs 118.30 per liter.
According to a notification: “Despite fluctuations in international prices of petroleum products and the expected increase in future prices, the government has reduced prices to provide maximum relief to consumers.”
The government has also notified a change in the price of High Speed Diesel (HSD), which has been reduced by Rs 1.50 to Rs 115.03 per liter.
Similarly, the price of kerosene will be reduced by Rs 1.50 to Rs 86.80 per liter.
Light diesel oil, meanwhile, will be cheaper by Rs 1, and thus will be available at Rs 84.77 per liter.
The Oil and Gas Regulatory Authority (OGRA) has proposed to the Petroleum Division to reduce the price of petrol by Rs 3.5, diesel by Rs 5, light diesel by Rs 2 and kerosene by Rs 3. Geo News. on Monday.
In the last two weeks of August, the government, which reviews petroleum product rates twice a month, announced that petrol and high-speed diesel prices would remain the same for the rest of the month.
On the other hand, the price of kerosene has been increased by Rs 0.81 per liter while the price of light diesel has been increased by Rs 1.10 per liter.