ISLAMABAD: The federal government on Sunday announced the new prices of diesel, and kerosene oil, keeping the petrol prices unchanged for the next 15 days.
According to a notification, the prices of petrol has been kept unchanged, whereas the prices of diesel have been reduced by Rs3 per litre. The prices of kerosene oil have been slashed by Rs1.46.
Let’s have a look on new prices after the notification. The petrol price is 264.61 per litre, which is unchanged. Diesel price is Rs269.99 per litre.
The price of light diesel oil has been set at Rs159.76 after a decrease of Rs2.40. The price of kerosene oil has been set at Rs176.81 after a decrease of Rs1.46.
Earlier, it was expected petroleum prices will drop slightly amid downward global trend.
As per preliminary estimates, the price of petrol may decrease by 61 paisa per litre, while high-speed diesel is likely to see a more notable reduction of Rs3.13 per litre.
In addition, kerosene oil could become cheaper by Rs1.57 per litre, and light diesel oil may drop by Rs 2.61 per litre.
The Oil and Gas Regulatory Authority (OGRA) is yet to finalise and forward the summary to the Ministry of Petroleum, which will then submit the recommendation to the Finance Division.
In international market, oil prices fell on Friday as traders looked toward weaker demand in the U.S., the world’s largest oil market, and a boost in supply this autumn from OPEC and its allies.
