The federal government has reduced the prices of petroleum products for the next 15 days, the notification of which has also been issued.
According to the details, Prime Minister Shahbaz Sharif approved the reduction in the prices of petroleum products.
According to the Ministry of Finance, the price of petrol has been reduced by 5 rupees 45 paisa per liter and the price of diesel by 8 rupees 42 paisa per liter for the next 15 days.
After the recent reduction, the new price of petrol is Rs 288 49 paise per liter while the price of high speed diesel is Rs 281 96 paise per litre.
Similarly, kerosene has been reduced by Rs 8 74 paise per liter and light diesel by Rs 5 63 paise per litre.
The Ministry of Finance has issued a notification to reduce the prices of petroleum products, while the price reduction has been implemented from 12 midnight, which will remain in effect until May 15.
Earlier in the report of Business Recorder, it was said that according to an estimate, in the review of the prices of petroleum products by the federal government for May 1 to 15, 2024, the price of petrol will be Rs. 4.88 paise per liter and that of high speed diesel. The price is expected to decrease by 7 rupees 37 paise per liter.
The price of kerosene oil is likely to decrease by Rs 8.03 paise and the price of light diesel oil by Rs 5.37 paise per litre.
The Oil and Gas Regulatory Authority (OGRA) will submit its recommendations regarding the prices of petroleum products to the Finance Division on April 30, 2024.