ISLAMABAD: The government has significantly reduced the price of petrol by Rs6 per litre and of CNG by Rs5.49 per kg from Monday (today) for the next week. But the LPG price has been increased by Rs5 per kg, or Rs240 per cylinder.
The per metric ton cost of LPG has increased by Rs4,800, keeping in view the massive rise of $43 in the prices of LPG per metric ton. The increase in the LPG price will be effective from Oct 1.
Under the decision, the price of MS (Motor Spirit) has plummeted by Rs6 per litre, high speed diesel by Re0.14 per litre, light diesel oil Rs0.95 per litre, and kerosene by Rs0.40 per litre.
The new price of petrol will be reduced to Rs102.45 per litre for the next week from its earlier price of Rs108.45 per litre and with the reduction in petrol price, the new price of CNG will go down by Rs5.49 in Region-1 and Rs5.02 in Region-2. The new price of CNG in the KP, Balochistan and Potohar will be Rs93.79 per kg and in the Punjab and Rs85.68 per kg in Sindh.
However, the new price of kerosene will be Rs102.23 per litre, (high speed diesel) HSD Rs113.16 per litre and (light diesel oil) LDO 96.22 per litre.
The government has also abolished the inland freight equalisation surcharge of HOBC (high octane blending component) due to which its price will be different in various parts of the country, and will likely increase by Rs0.36 per unit in Karachi from Monday. However, its prices will go down to Rs2.36 per litre in other parts of the country and is expected to go down by Rs1.50 per litre in Lahore and Multan.
The oil marketing companies will now themselves set the price of HOBC keeping in view their transportation cost to various outlets across the country.