ISLAMABAD: The government on Saturday announced to reduce prices of petrol and diesel by Rs 2.07 and Rs 2 per litre respectively for one month with effect from April 1.
From today, 92 RON petrol will be sold for Rs 86 and high speed diesel for Rs 96.45 per litre, while prices of kerosene and light diesel oil will be maintained, a press release by the Ministry of Finance stated.
“The Oil and Gas Regulatory Authority (OGRA) had proposed increase in the price of diesel by Rs 0.65 a litre but since diesel is primarily used in public and goods transportation and also in farm equipments, therefore the government has decided not to burden the public with higher rates of diesel,” the press statement read.
“OGRA had recommended a greater price reduction for petrol, but as in previous months the government had reduced the price of petrol by more than what OGRA had recommended, so the government took the decision to reduce the price of petrol by Rs 2.07 a litre this time,” said the release.
OGRA had submitted a summary to the petroleum division recommending that the petrol prices should be decreased by at least Rs 5.26 per liter starting from April 1.
Published in Daily Times, April 1st 2018.
