Prices of petroleum products slashed by Rs.15
Objective behind reducing the prices to support the masses: Finance Ministry
The government on Thursday announced a reduction of Rs15 per litre in the price of petrol, of Rs27.15 per litre in the price of high-speed diesel (HSD), Rs30.01 per litre in the price of kerosene and of Rs15 per litre in the price of light diesel oil (LDO).
The price of petrol has been reduced to Rs81.58 from Rs96.58, while HSD will be available at the rate of Rs80.10 after a reduction of Rs27.15 from Rs107.25 per litre. The price of kerosene has been reduced to Rs47.44 from Rs77.45 and LDO, which was previously priced at Rs62.51 will now be priced at Rs47.51.
According to a notification issued by the Ministry of Finance, the government made the decision to slash prices of petroleum products to “provide relief to consumers”.
“The government is extending maximum relief to the public. Relief packages include economic stimulus package, Ehsaas emergency relief programme, incentive package for SMEs and many other relief measures. The latest one is [a] considerable decrease in the prices of petroleum products,” the notification read.