ISLAMABAD (Kashmir English): The federal government on Monday announced diesel and petrol prices for the next fortnight, effective from Tuesday, December 16.
According to the Ministry of Finance notification, the price of petrol has been kept unchanged at Rs 263.45 per liter, while diesel has decreased by Rs 14 per liter.
Under the revised prices, the new rate of high-speed diesel has been fixed at Rs265.65 per litre.
The Petroleum Division stated that the changes will take effect at midnight and remain in effect for the next fortnight.
Earlier, the Oil and Gas Regulatory Authority (OGRA) had rejected reports claiming fuel prices could be cut by up to Rs12 per litre from December 16, terming them “purely speculative” and unrelated to any formal pricing exercise by the regulator.
In a press statement issued on December 13, the authority said that it calculates petroleum prices in accordance with federal government instructions and only within the notified timeframe. Multiple media reports had suggested a reduction in domestic fuel prices, citing official sources.
