- Rates will remain the same till November 15.
- HSD will be available at Rs 303.18 per litre.
- Reduction in the price of kerosene and light diesel oil.
ISLAMABAD: A day after the ‘gas bomb’ was dropped, the caretaker government on Tuesday kept the price of petrol intact at Rs 283.38 per litre, giving relief to the people suffering from inflation.
According to the notification issued by the Finance Ministry, the price of petrol is Rs 283.38 per liter and the price of HSD is Rs 303.18 per liter. Rates will remain the same till November 15.
|products||current price||new price||increase Decrease|
|petrol||Rs 283.38||Rs 283.38||Rs.0|
|High Speed Diesel (HSD)||303.18||303.18||Rs.0|
|kerosene||Rs 214.85||Rs 211.03||Rs-3.82|
|light diesel oil||Rs.192.86||Rs.189.46||Rs-3.40|
However, the government has cut light diesel prices by Rs 3.40 per liter and kerosene prices by Rs 3.82 per liter for the next fortnight. After reduction in the prices of petroleum products, the price of kerosene oil has become Rs 211.03 per liter and the price of light diesel oil has become Rs 189.46 per liter.
The interim government is imposing zero general sales tax (GST) on all petroleum products while the petroleum levy (PL) rate on petrol is Rs 60 per litre.
In the last fortnight, the government had reduced the price of petrol by Rs 40 per liter and HSD by Rs 15 per liter.
The federal cabinet on Monday increased natural gas tariffs by up to 172% for domestic consumers, tandoor and general industries including export-oriented sectors, captive power plants, CNG and IPPs and commercial sectors.
The new prices will be effective from November 1. The substantial increase was aimed at complying with the demand of the International Monetary Fund (IMF), which had asked the government to increase gas tariffs to control the circular debt of the gas sector, which stands at Rs 2.1 trillion.
The Oil and Gas Regulatory Authority (Ogra) also reduced liquefied petroleum gas (LPG) rates for November.
The rate fell by Rs 9.69 per kg to Rs 251.03, a notification from the regulator said.
It said the shortage has resulted in a decline of Rs 117.47 in domestic cylinder rates. It says that now an 11 kg cylinder will be available for Rs 2962.17.