Government Reduces Petrol Price by Rs. 3.93 Per Liter While Keeping High-Speed Diesel Rates Unchanged; New Petrol Price Set at Rs. 386.30 Effective Until October 19
ISLAMABAD: The Federal Government has finally declared a new revision of petroleum product prices, offering a slight relief to consumers as the price of petrol has been reduced and the high-speed diesel price has been maintained.
The price of petrol has been reduced by Rs. 60 per litre, the official notification by Oil and Gas Regulatory Authority (OGRA) states. The standard price of this product is Rs. 3.93 per litre, which is also a new retail price. 386.30 per liter.
The oil price revisions highlighted below are the most important ones.The following are the most important oil price revisions.
Unlike the petrol price relief, the price of high speed diesel has not been reduced and remains at Rs. 396.96 per liter.
According to the official notification, the newly adjusted petroleum prices are still effective for the time being till October 19.
Market adjustments: These are short-term price adjustments as the market is being closely watched for international oil price fluctuations and domestic fiscal needs.