Govt reduces petrol prices by 1.57/litre

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Government has decided to reduce prices of Petrol by 1.57/litre rupees and High Speed Diesel by rupees 0.84 per litre.

According to a notification issued by the finance division, new prices will be as under:

Petrol Rs 102.40/ltr

High Speed Diesel Rs 103.22/ltr

Kerosene Oil Rs 65.29/ltr

Light Diesel Oil Rs.62.86/ltr

It is pertinent to mention here that prices will be applicable from 1st November 2020.a

Earlier, the Oil and Gas Regulatory Authority (OGRA) on Saturday recommended up to a Rs 2 decrease in Petrol prices for the month of November.

OGRA has sent a summary of the reduction in prices of petroleum products to the government.

According to the summary, the OGRA has recommended a Rs 1.50 cut in the per liter price of petrol and Rs2 in the price of high-speed diesel (HSD). The finance ministry will announce new fuel prices for November after Prime Minister Imran Khan’s approval.

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