The Ministry of Finance issued a notification on 31st January 2019, reducing the petroleum product prices. The new prices will be applicable from February 1st, 2019.
The prices of petrol, kerosene oil, light-speed diesel have been reduced by PKR 0.59 per litre, PKR 0.73 per litre and PKR 0.25 per litre respectively. The price of high-speed diesel is still the same. No changes have been made to it.
Read also: Petroleum prices likely to be reduced by Rs10 per litre
Here are the old and new prices of petroleum products
Old price: PKR 90.97 per litre
New Price: PKR 90.38 per litre
Old Price: PKR 106.68 per litre
New Price: PKR 106.68 per litre
Old Price: PKR 82.98 per litre
New Price: PKR 82.25 per litre
Old Price: PKR 75.28 per litre
New Price: PKR 75.03 per litre
Some of the people, while talking to media said that this price reduction in petroleum prices is merely a joke. It is pertinent to mention here that Oil and Gas Regulatory Authority (OGRA) suggested PKR 4 per litre price reduction in petroleum prices to the Finance Ministry.