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.