ISLAMABAD: Pakistan’s caretaker government has taken a people friendly decision and decreased the price of petrol by Rs14 per litre, a notification said on Friday.
According to the notification, the Finance Division announced the new prices of petroleum products for the fortnight — starting from Dec. 16 and remaining in place till Dec. 31 — were recommended by the Oil and Gas Regulatory Authority (OGRA).
The new prices of Petroleum Products for the fortnight starting from 16th December, 2023, as recommended by Oil and Gas Regulatory Authority (OGRA). pic.twitter.com/ouNPFx6LfM
— Ministry of Finance, Government of Pakistan (@Financegovpk) December 15, 2023
Petrol’s price has been declined to Rs267.34 per litre, while diesel rate has been dropped by Rs13.50 per litre to Rs276.21 per litre, the notification said.
Pakistan: Govt. Slash Petrol Price by Rs14 Per Litre
The notification further stated that Kerosene oil’s price has been decreased by Rs10.14 per litre to Rs191.02 and the light diesel oil will be available in the market at Rs164.64 per litre following a reduction of Rs11.29.
The fuel prices were likely to fall in the next fortnightly review because of a substantial decline in international oil prices over the last two weeks.
The government of Pakistan reviews the prices of petroleum products every fortnight and adjusts them as per the international market trends and the exchange rate of the currency.
