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Petroleum product prices reduced by Rs 7, 6 paise per liter The new price of petrol has been reduced to Rs 74, 52 paise per liter.
The federal government has announced a reduction in the prices of petroleum products by Rs 7.60 per liter from June 1.
The new price of petrol has been reduced to Rs 74.52 per liter. The new prices will be applicable from 12 noon. Will be. According to media reports, the federal government has announced a reduction in the prices of petroleum products from June 1, according to a summary sent by OGRA.
The statement said that after the reduction in the price of petrol by Rs 7.6 per liter, the new price of petrol has gone up to Rs 74.52 per liter. The price of high speed diesel has been increased by Rs 5 per liter. The price of diesel has gone up by 5 paise to Rs 80.15 per liter. The price of light diesel oil has been reduced by Rs9.37 per liter.
After which light diesel. The new price of oil has gone up to Rs 38.14 per liter.
After a reduction of Rs 11.88 per liter in the price of kerosene, the new price of kerosene has become Rs 35.56 per liter. The new prices will take effect tonight at 12 noon. It should be noted that OGRA, the pricing agency for petroleum products, had prepared a special summary and sent it to the Petroleum Division for approval. In which it was recommended that a summary be prepared to reduce the prices of petroleum products from June 11 to 88 paise per liter from June 1.
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According to the summary sent to the Petroleum Division by OGRA, it has been recommended to reduce the price of petrol by Rs7.6 per liter, light diesel oil by Rs9.37 per liter and kerosene by Rs11.88 per liter. While the price of high speed diesel has been proposed to be increased by 5 paisa per liter. It was informed that the Ministry of Finance, after reviewing the OGRA summary and getting the approval of the Prime Minister, will make a final announcement on whether to change the prices of petroleum products from June 1.
However, it has been reported that the concerned authorities have mobilized after receiving reports of shortage of petrol and diesel in the country. Petroleum companies have been asked about the current state of reserves and sales and sales figures for the last three months. Experts say a further drop in the price of petroleum products could further reduce inflation in the country. However, the government itself will have to take proactive steps for this.
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