Petroleum prices likely to be cut by up to Rs40
ISLAMABAD: The prices of petroleum products are estimated to decrease by up to Rs17-40 per litre for the next fortnight mainly because of lower international oil prices.
Prime Minister Shehbaz Sharif has already announced early this week to reduce petroleum prices to pass on the benefit of lower crude prices to the people and had asked the Petroleum Division and the Oil and Gas Regulatory Authority (Ogra) to put up a formal summary in the regard.
Likewise, the ex-depot price of kerosene and light diesel oil (LDO) would be cut by Rs30 and Rs32 per litre, respectively. The kerosene price would thus stand at about Rs200 per litre from Rs231 and that of LDO would be around Rs194 instead of Rs226 per litre.
Informed sources told Dawn that based on existing tax rates and import parity price, the ex-depot price of petrol would be down by Rs17 per litre and that of high-speed diesel (HSD) by about Rs40.
Retrieved fom: https://www.dawn.com/news/1699506/petroleum-prices-likely-to-be-cut-by-up-to-rs40
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