Major relief for masses as government slashes petrol price by Rs15

On May 1, 2020 Last updated Oct 4, 2021

ISLAMABAD: On the recommendations of the Oil and Gas Regulatory Authority (OGA) the federal government on Thursday night slashed the price of petrol by Rs15.

The price of petrol has been brought down to Rs81.58 after a reduction of Rs15, meanwhile the rate of high-speed diesel has been slashed by Rs27.15 and reduced to Rs80.10.

According to the notification, kerosene oil and light diesel will now be sold at Rs47.44 and Rs47.51 after a reduction of Rs30.01 and Rs15 in their prices respectively.

Fuel prices slashed in #Pakistan پاکستان pic.twitter.com/pae3GlQGwU

— norbert almeida (@norbalm) April 30, 2020

The new prices came into effect on May 1. The decision comes following OGRA’s recommendation to the government to reduce petroleum prices by up to Rs44 per litre for May 2020.

The government, in order to meet the revenue shortfall for March 2020, had increased the petroleum levy (PL) on these products. The PL on diesel was increased by 7.05 to Rs25.05 per litre.