The government announced a reduction in petroleum products prices on Thursday for the remaining 15 days of December.
Making the announcement Minister for Finance and Revenue Senator Ishaq Dar said that the price of petrol has been decreased by Rs10 to Rs214.80 per litre for the next fortnight — effective from December 16.
Furthermore, the price of one litre of diesel by Rs 7 after which the new price of high-speed diesel has been fixed at Rs 227 80 paise per litre.
While the new price of light diesel will be 169 rupees per litre after a reduction of 10 rupees per litre.
The price of kerosene has been reduced by Rs 10, the new price of kerosene will be Rs 171 83 paise per litre.
| Commodity | Existing prices w.e.f 1.12.2022 | New prices w.e.f 16.12.2022 | Increase/Decrease (in rupees) |
| Petrol | Rs224.80 | Rs214.80 | -10.00 |
| Diesel | Rs235.30 | Rs227.80 | -7.50 |
| Kerosene oil | Rs181.83 | Rs171.83 | -10.00 |
| Light diesel oil | Rs179 | Rs169 | -10.00 |
The new prices of petroleum products will be implemented from 12 pm tonight.
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