Rejecting the Petroleum Ministry’s recommendation to reduce the price of petrol by Rs 5, the government decided on Monday to pass on a relief of only Rs 1.54 to motorists, but showed particular generosity when it came to the costlier HOBC, the price of which was reduced by Rs 5.93 per liter for the month of November.
The government announced a decrease in various petroleum product prices ranging between Rs 0.86 to Rs 5.93, applicable from today (Tuesday). The Oil and Gas Regulatory Authority (OGRA) notified the decrease in POL prices, under which the price of petrol has been decreased by Rs 1.54 per litre to Rs 87.14 per litre and HOBC by Rs 5.93 to Rs 106.72 per litre, while the price of high speed diesel (HSD) has been maintained at last month’s level of Rs 94.15.
The price of Light Diesel Oil (LDO) has been decreased by Rs 1.532 to Rs 81.99 and kerosene by Rs 0.86 to Rs 85.76 per litre. Separately, the Water and Power Ministry has sent a summary of a 4 percent increase in the electricity tariff to the federal cabinet. The summary was sent to the cabinet on the advice of Prime Minister Yousaf Raza Gilani.
