Government reduces petrol price by Rs. 4.59

Pakistan Tehrik-e-Insaf (PTI) government on Saturday announced to reduce the prices of petroleum products effective from September 1. Petrol price would be reduced by Rs 4.59 per liter with new price standing at Rs 113.24 per liter.

According to the notification issued by Ministry of Finance, the prices of high speed diesel, kerosene oil, and light diesel have be lowered by Rs 7.67, Rs 4.27, and Rs 5.63 per liter, respectively. The new respective per-liter prices of high speed diesel, kerosene oil, and light diesel would be Rs Rs 124.80, Rs 99.57, and Rs 91.89.

On the other hand, Compressed Natural Gas (CNG) price is Punjab has been slashed by Rs 4.40 per liter.

As per details, the new price of CNG will be effective from midnight or from September 1 and in Punjab the fuel gas would be sold at Rs 85.50 per liter.

The price cut down is due to the drop in RLNG price in international market. RLNG price for September will be worked to be around 10.0897 dollars.