The Finance Division has revealed a decrease in the price of petrol by Rs1.50 per litre.
Therefore, petrol will now be priced at Rs118.30 per litre.
As per a notification: “Despite international price fluctuations in petroleum products and anticipated increase in future prices, the government has reduced the prices in order to provide maximum relief to the consumers.”
The government has also announced a decrease in price for high speed diesel (HSD), which has now come down by Rs1.50 to cost Rs115.03 per litre.
Likewise, the price of kerosene will also reduce by Rs1.50, to be priced at Rs86.80 per litre.
Light diesel oil, on the other hand, will cost Rs1 cheaper, and will thus be priced for Rs84.77 per litre.
The Oil and Gas Regulatory (OGRA) has recommended the Petroleum Division to decrease the price of petrol by Rs3.5, of diesel by Rs5, of light diesel oil Rs2, and kerosene oil by Rs3.
In the ending weeks of August, the government, which reviews the prices of petroleum products twice a month, revealed that prices will remain as they are for the rest of the month for petrol and high speed diesel.
