The caretaker government announced to retain the prices of Petrol and High-Speed Diesel (HSD) till Nov 15.
According to a notification from the Ministry of Finance, the price of petrol is Rs283.38 per liter and Rs303.18 per liter for HSD.
however, the prices of light diesel have been reduced by Rs3.40 per liter and kerosene oil by Rs3.82 per liter for the next fortnight.
After the new reduction in the prices of petroleum products, the rate of kerosene oil has dropped to Rs211.03 per liter and light diesel oil to Rs189.46 per liter.
The rates will remain in place till November 15.
Products | Existing price | New price | Increase/decrease |
Petrol | Rs283.38 | Rs283.38 | Rs0 |
High-Speed Diesel (HSD) | 303.18 | 303.18 | Rs0 |
Kerosene oil | Rs214.85 | Rs211.03 | Rs-3.82 |
Light diesel oil | Rs192.86 | Rs189.46 | Rs-3.40 |
Meanwhile, the interim government is charging zero general sales tax (GST) on all petroleum products while the rate of petroleum levy (PL) on petrol is Rs60 per liter.
The development comes a day after the federal cabinet approved a sharp increase in the natural gas tariff by up to 172% for domestic consumers, tandoors, and general industries, including export-oriented sectors, captive power plants, CNG and IPPs, and commercial sectors.
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