close
Wednesday June 19, 2024

Petrol price slashed by Rs14 per litre, diesel by Rs13.50

By News Desk
December 16, 2023

ISLAMABAD: In a major relief to the inflation-stricken masses, the caretaker government on Friday dropped the price of petrol for the next fortnight by Rs14 per litre.

This image taken on July 22, 2023, shows people getting their motors bikes filled with petrol at a filling station on Hub River Road, Karachi. — Geo.tv
This image taken on July 22, 2023, shows people getting their motors bikes filled with petrol at a filling station on Hub River Road, Karachi. — Geo.tv

In a notification, the Finance Division announced the new prices of petroleum products for the fortnight — starting from December 16 and remaining in place till December 31 — as recommended by the Oil and Gas Regulatory Authority (Ogra). Petrol’s price has been reduced to Rs267.34 per litre, while diesel rate has been decreased by Rs13.50 per litre to Rs276.21 per litre, according to the Finance Division’s statement.

It further said that Kerosene oil’s price has been slashed by Rs10.14 per litre to Rs191.02 and the light diesel oil will be available at Rs164.64 per litre after a reduction of Rs11.29. The fuel prices were expected to fall in the next fortnightly review due to a substantial drop in global oil prices over the past two weeks.