The price of petrol has been slashed by Rs15 as a breather for the public under a complete lockdown due to the coronavirus outbreak in Pakistan. After the cost reduction, petrol will be available for Rs96.58 per litre while high diesel will cost Rs107.25 and light diesel be sold for Rs62.51 per litre. Meanwhile, kerosene oil will cost Rs77.45.
According to media reports, drop in the prices of petroleum products is expected with a PKR20-25 decrease in the price of petrol. This follows as the world reels from the plunge in oil prices as Saudi Arabia and Russia continue their price war. Nadeem Babar, the Special Assistant to Prime Minister on Petroleum said that this will not only ease inflation but will also boost the economy of Pakistan.
The government has given the people a thoughtful gift to start the new year – an increase in petrol prices for January. The price of petrol has been hiked to PKR 116.60 from PKR 113.99, an increase of PKR 2.61. While in the case of High-speed diesel and Light-speed diesel, the prices have been increased by PKR 2.25 and PKR 2.08 per litre, bringing their new prices to PKR 127.26 and PKR 84.51 respectively.
The government has increased the price of petrol by Rs. 1 per liter and that of high-speed diesel (HSD) by 27-paisa for November on the recommendation of Oil and Gas Regulatory Authority (OGRA). The revised price of petrol at Rs114.24 per litre and HSD at Rs127.41 per litre were announced through a notification issued by the Ministry of Finance. However, the price of light diesel has been decreased by Rs6.56 while that of kerosene by Rs2.39 per litre.