The Oil and Gas Regulatory Authority (OGRA) on Tuesday announced a nominal reduction in the recent hike in prices of petroleum products. According to a notification, the price of petrol has been decreased by Rs 2.32 per litre to Rs 103.36. Earlier; the rate of petrol was increased by Rs 8.02 to Rs 105.08. However, after a partial slash, the total increase in petrol price stands at Rs 5.70 per litre. According to the notification, price of kerosene oil had been reduced by Rs 1.74 and high speed diesel by Rs 1.16 per liter. Meanwhile, Minister for Petroleum Dr Asim Hussain said petroleum prices would be reviewed after every 15 days for which a summary had been sent to the ECC. Dr Asim Hussain said prices of petroleum products would be completely deregulated. At the primitive stage, prices would be set after 15 days, then after 7 days and ultimately, it would be set on a daily basis.
POL prices
Sources said the Finance Ministry had opposed setting of petroleum products prices after 15 days. They informed that oil refineries had asked to revise prices after every 15 days. Since hike in petroleum products prices, the PPP led government was under severe pressure from allies and opposition parties along with strike threats from traders and transporters across the country for reversal of the increase. Seeing no other option, the government has finally bowed down slightly to the demands of all this evening and slashed prices of three main petroleum products by Rs 1.16 to Rs 2.32 per liter. After the reduction, the petrol price has come down to Rs 103.68 per liter, kerosene oil Rs 100.19 and high speed diesel at Rs 107.16 per liter. The reduction in petroleum products prices, announced today, will be implemented from April 5, said the government notification issued this day.
great policy by the government raise 10 and reduce 2 government ka masla bhi haal ho gaya aur awam bhi khush
These are the tactics played by the Government :s they already set their resistance point 10 ,, by lowering the price and reach upto 8 Rs is their target point that is already decided to end up the negotiation.. 😐
joke of the day :@ increaseing 8+ Rs and then just 2 Rs decrease in prize. and many people will be happy with this…
Shove these two rupees up yours.
Your news title is deceiving.If this is "slashed" then I do not know what is slash.You sometime give the impression of a lacky.
Yoy ARE indeed a lacky.Holding back comments about yourself shows that.
no
Great strategy 1st increase prices 100 times, Then provide relief by reducing it 50%.
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