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Petrol costs diminished by federal govt

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Petrol prices reduced by federal govt

ISLAMABAD: The costs of petroleum merchandise have been diminished by the federal authorities on Sunday, in line with a notification issued by the Ministry of Finance, bringing a litre of petrol right down to Rs100.69.

The per-litre costs of petrol and high-speed diesel (HSD) have been diminished by Rs1.71 and Rs1.79, respectively, the notification learn.

The new per-litre costs of petrol and HSD have been Rs100.69 and Rs101.43, respectively.

Kerosene oil and light-weight diesel oil (LDO), alternatively, have been maintained at costs of Rs65.29 and Rs62.86 a litre, respectively.

The new costs can be relevant from November 16, 2020.

Lower value on again of rupee features

The News reported earlier that the rupee’s appreciation towards the US greenback might result in a lower in petrol and diesel costs for the second half of November, offering the general public might breathe a sigh of reduction amid rising inflation.

Sources had knowledgeable The News that the Oil and Gas Regulatory Authority (Ogra) workings present a room for a per-litre minimize of Rs3.40 and Rs2.5 for petrol and diesel costs, respectively.

The federal authorities had slashed petrol value by R1.57 and diesel by Rs0.84 for the primary fortnight of the present month. Kerosene and light-weight diesel oil (LDO) charges, nevertheless, had remained unchanged.

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