ISLAMABAD (Kashmir English): The federal government on Friday announced the reduction of petrol price by Rs0.50 per litre for the next fortnight, starting from March 1 (Saturday).
The Finance Division has issued a notification in this regard, which will be effective from tomorrow.
According to a notification, petrol will now be available for Rs255.63 per litre, down from Rs256.13, while the price of high-speed diesel (HSD) has been reduced from Rs263.95 to Rs258.64 after a reduction of Rs5.31 per litre.
“The Oil & Gas Regulatory Authority (OGRA) has reviewed and adjusted consumer prices for petroleum products in view of recent fluctuations in the international oil market,” stated the notification.
Meanwhile, prices of other petroleum products have also been reduced.
The new price of kerosene oil will be Rs168.12, down by Rs3.53 from Rs171.65 per litre. Likewise, the price of light-diesel oil has been reduced by Rs2.47 from Rs155.81 to Rs153.34 per litre.
