ISLAMABAD: The federal government announced a significant decrease in petroleum prices for the first fortnight of August 2024.
The prices were reduced after getting an approval from Prime Minister Shehbaz Sharif, said a notification issued by the Ministry of Finance.
The new prices will come into effect from Aug 1.
The petrol price was decreased by Rs6.17 per litre as new price has been fixed at Rs269.43. The price of high speed diesel was reduced by Rs10.86 to Rs272.77.
Similarly, the price of light speed diesel was reduced by Rs5.72 to Rs160.53 per litre.
The price of kerosene oil dipped by Rs6.32 to Rs177.39 per litre for the first half of August.
Earlier in the day (Wednesday), the Oil and Gas Regulatory Authority (Ogra) notified an increase in prices of the liquefied petroleum gas (LPG) for August.
According to the Ogra notification, the LPG price was jacked up by Rs2.72 per kilogramme. It is now marketed at Rs236.99 per kg from Aug 1.
The price of domestic cylinder of 11.8kg has been revised up by Rs26.90 to Rs2,796.56 in local market.
In July, the price of the 11.8kg cylinder stood at Rs2,769.66.
