New petroleum prices announced

The government has reduced the price of petrol by Rs7.06 per litre for the month of June, according to a statement issued by the Ministry of Finance on Sunday.

According to the statement, the price of kerosene has been reduced by Rs11.88 per litre and will now be Rs35.56 per litre. The price of high speed diesel has been increased by five paisas per litre, marking the new price at Rs80.15 per litre.

Additionally, the price of light diesel oil is fixed at Rs38.14 per litre which was previously set at Rs47.51 per litre.

A statement by the Prime Minister’s Office said that Pakistan’s fuel is now “the cheapest” in South Asia.

“India is almost exactly double. Bangladesh, Sri Lanka & Nepal are all 50 to 75 percent more expensive than us,” it said.

Yesterday, the Oil and Gas Regulatory Authority (OGRA) had recommended a reduction in petrol price by Rs7.06/litre, kerosene Rs11.88/litre and light diesel oil (LDO) price by Rs9.37/litre for June.