ISLAMABAD: The caretaker government on Monday decreased the price of petrol by Rs8 per litre and kept the price of diesel unchanged for the next fortnight.
In a notification issued on Monday night, the Finance Division said the government decided on a reduction in the price of petrol and keeping the diesel price unchanged for the fortnight starting from January 16 (Tuesday). It added that the decision was made on recommendations of the Oil and Gas Regulatory Authority (Ogra).
According to the announcement, the ex-depot price of petrol was cut to Rs259.34 per litre against the previous rate of Rs267.34 per litre. The caretaker government on Monday slashed the price of petrol by Rs8 per litre but retained the existing price of diesel at Rs273.21 per litre for the next fortnight.
Government of Pakistan has reduced Petrol price by 8 rupees, whereas price of High Speed Diesel has been maintained. pic.twitter.com/wIhfAVBW5t
— Ministry of Finance, Government of Pakistan (@Financegovpk) January 15, 2024
According to a notification by the finance ministry, petrol will be available at Rs259.34 per litre from January 16 following a reduction of Rs8.
However, the diesel rate was retained at Rs276.21 per litre. Meanwhile, no changes were mentioned for the prices of light-diesel oil and kerosene oil.
Earlier, it was reported that petrol price would go down by over Rs5, while the high-speed diesel (HSD) may witness change of Rs2 in the next fuel prices review.
In the last fortnight, the government maintained petrol and diesel rates at Rs267.34 and Rs276.21 per litre respectively.
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.
