Petrol Prices Reduced by Rs3 per Litre

Written by  Published by:Pakistan Views Tuesday, 01 September 2015 09:27

ISLAMABAD: The government has announced reduction in prices of petroleum products by Rs3 a litre on all denominations. The renewed prices will be effective from midnight September 1.

Addressing a press conference, Minister of Petroleum and Natural Resources Shahid Khaqan Abbasi said, “We have reduced the prices of petroleum products under the directives of the prime minister in order to provide relief to the people.”

He announced that the federal government has lowered the prices of all petroleum products in the country by as much as Rs3.

According to an official statement, the prime minister approved the reduction on the recommendation of the Oil and Gas Regulatory Authority (OGRA).

Highlighting the decrease in prices of various petroleum products, the notification released by the government says the price of petrol has been reduced by Rs3 per litre to Rs73.76 from Rs76.76.

Similarly, the price of High Speed Diesel had been reduced by Rs 3.01 per litre to Rs82.04 from Rs85.05 and HOBC by Rs3 per litre to Rs79.79 from Rs82.79, it added.

HOBC is mostly used in high-end personal cars. The price of kerosene oil was reduced from Rs60.11 to Rs57.11 per litre.

The price of Light Diesel Oil has also been lowered by Rs3 per liter from Rs56.59 per liter to Rs53.59 per litre.

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