Petrol, diesel prices slashed by Rs2 a liter

ISLAMABAD: The government has decided to reduce prices of petrol and diesel by Rs2.07 and Rs2 a litre respectively for one month.

It has further decided to maintain the prices of kerosene oil and Light Diesel Oil (LDO) at the same level as in March.

The reduced prices will be effective from tonight after 12:00am.

Prices of petroleum products for April will be as follows: 92 RON petrol Rs86 a litre, high speed diesel (HSD) Rs96.45 a liter, kerosene oil Rs76.46 a liter, Light Diesel Oil (LDO) Rs65.30 a liter.

A press release issued by the government read that the Oil and Gas Regulatory Authority (OGRA) had proposed increase in the price of diesel by Rs 0.65 a litre but since diesel is primarily used in public and goods transportation and also in farm equipments, therefore, the government has decided not to burden the public with higher rates of diesel.

“OGRA had recommended a greater price reduction for petrol, but as in previous months the government had reduced the price of petrol by more than what OGRA had recommended, so the government took the decision to reduce the price of petrol by Rs 2.07 a litre this time,” said the release.

Finally, the prices of kerosene and LDO were maintained at the level as in March 2018 even though OGRA had recommended increase in the rates of both the products.

The prices shall be effective from April 1, 2018 till midnight on April 30, 2018.

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