Government announces new petrol prices with a slash of Rs1.79
The government has announced new petrol prices for the remaining 15 days of the current month.
With a reduction, in the price of petrol by Rs1.79, it will be sold at 108.56 per litre from April 16.
Federal Minister for Finance Hammad Azhar on Thursday informed that Prime Minister Imran Khan has approved a reduction in prices of petroleum products.
High-Speed Diesel (HSD) price has been reduced by Rs2.32. it will be now available at Rs110.76 per litre.
While Kerosene, after a reduction of Rs2.06 in its rates, will be sold at Rs80 per litre.
Furthermore, the Light Diesel Oil will be available at Rs77.65 per litre.
This follows the reduction in prices of Rs 1.55 for petrol and Rs 3 for diesel announced by the government on 1st April.
— Hammad Azhar (@Hammad_Azhar) April 15, 2021
Here are the new prices of petroleum products:
| Products | Existing price | New prices (wef 16/04/2021) | Increase/decrease |
| MS (Petrol) | 110.35 | 108.56 | -1.79 |
| High-Speed Diesel (HSD) | 113.08 | 110.76 | -2.36 |
| Kerosene (SKO) | 82.06 | 80.00 | -2.06 |
| Light Diesel Oil | 79.86 | 77.65 | -2.21 |
It was earlier reported that the Oil and Gas Regulatory Authority (OGRA) recommended a Rs 2 decrease in the POL products.
The Petroleum Division authorities said that they have received a summary regarding a decrease in the POL products.
The summary has also recommended not to increase the petroleum levy. The decrease in petroleum prices has been recommended for 15 days.
