ISLAMABAD: The government on Thursday slashed prices of petroleum products by up to Rs2.32 per litre effective from April 15, 2021.
It reduced the price of high-speed diesel (HSD) by Rs2.32 per litre and the price of petrol by Rs1.79 per litre.
the prices of kerosene and light diesel oil have also been slashed by Rs 2.06 and Rs 2.21 per litre respectively.
Meanwhile, overall production of petroleum commodities has witnessed an increase of 7.94 percent during the eight months of financial year 2020-21 as compared to corresponding period of last year.
The Petroleum, Oil and Lubricants (POL) products that showed growth including kerosene oil production, which increased by 1.15 percent during the period under review, Pakistan Bureau of Statistics (PBS) reported.
Similarly, the production of Motor Spirits, High Speed Diesel, Furnace Oil and Liquefied Petroleum Gas (LPG) witnessing increase of 21.07 percent, 13.93 percent, 5.47 percent and 8.63 percent respectively.
However, the production of Jet Fuel Oil has decreased by 33.50 percent, Diesel oil 43.99, Lubricating oil 0.79 percent, Jute Batching oil 7.31, Solvent Naptha 14.72 and petroleum product NOS 3.67 percent during the period under review.
On year-on-year basis, the production of POL products has witnessed an increase of 42.66 percent during February 2021 as compared to the output of February 2020.
During the month under review, the production of jet fuel oil increased by 13.90 percent, kerosene oil by 27.91 percent, motor spirits 55.40 percent, high speed diesel by 81 percent, diesel oil by 175.95 percent, furnace oil by 9.97 percent, LPG 31.36 percent and petroleum products nos by 101.63 percent. APP
