Categories: Latest News

Govt annouce reduction in petrol price by Rs5 per litre from Dec 16

The government has announced a reduction in petrol price by Rs5 per litre from Dec 16!

The rates have been reduced amid fluctuations in the prices of petroleum products in the international market.

Petrol will now be available for Rs140.82, while HSD can be purchased at Rs137.62.

While, high-speed diesel will sell for Rs137.62 down from Rs145.82 and Rs142.62, respectively.

Meanwhile, the prices of kerosene and light diesel oil (LDO) were decreased by Rs7 and Rs7.01 per litre, respectively.

The new price of kerosene is Rs109.53 per litre and that of LDO is Rs107.06 per litre.

According to a handout issued by the Finance Division, the government decided to revise existing prices “in view of the declining price trend of petroleum products in the global market[s] and [to] transform the impact to the masses”.

Related Post

Shortly before the official announcement,  Special Assistant to the Prime Minister for Political Communication Dr. Shahbaz Gill took to Twitter to say that the public would soon receive “good news” about petrol prices.

As per the news source, the Oil and Gas Regulatory Authority (OGRA) had submitted a summary to the Finance Ministry to reduce the price of petrol and high-speed diesel by Rs10.30 and Rs8.65 per liter, respectively.

Sources in the Finance Ministry said that the relief cannot be granted to the people due to an increase in the profit margin of dealers.


Saman Siddiqui

Recent Posts

  • Latest News

Govt announces a five-day Eid ul Adha holiday

The government has announced a five-day Eid ul Adha holiday. According to the PM Office,…

2 mins ago
  • Latest News

Dr. Aafia Siddiqui’s mother passes away in Karachi

Dr. Aafia Siddiqui’s mother passed away in Karachi. Ismat Siddiqui, 80, was suffering from multiple…

3 hours ago
  • Entertainment News

Faysal Qureshi’s film ‘Sorry a Love Story’ shelved

Faysal Qureshi's film ‘Sorry a Love Story’ has been shelved! In a sad turn of…

16 hours ago
  • Celebrity News

Shoaib Akhtar embarks on Hajj as state guest of Saudi Arabia

Shoaib Akhtar embarks on the Hajj journey on Saturday as the state guest of Saudi…

20 hours ago
  • Music

Pop Music Icons Yasir Akhtar, Fringe Benefits Sue Nestle Basement Cafe Over Copyright

Pop Music icons Yasir Akhtar and Fringe Benefits sue Nestle Basement Cafe over copyright! In…

21 hours ago
  • Celebrity News

Model Sofia Khan announces pregnancy with a bold photo shoot

Sofia Khan, model turned actress, better known as Fia announced her pregnancy with a bold…

22 hours ago