The government on Sunday approved a cut in POL and CNG prices, to be effective from Monday 12am. The Oil and Gas Regulatory Authority (OGRA) had sent a summary to the Petroleum and Finance ministries and recommended a reduction in the prices of petroleum products by Rs 6 per litre, which was approved by the government. With the implementation of new prices, petrol would become cheaper by Rs 6 per litre, the price of high speed diesel (HSD) has come down by 40 paisas, light diesel oil (LDO) by 14 paisas and kerosene oil by 40 paisas. To maintain the 60 percent parity between the price of petrol and CNG, OGRA also asked for a reduction in the price of CNG.
The price of CNG has been reduced in region one by Rs 5.49 per kilogramme and in region two by Rs 5.02 per kilogramme. The new price of petrol is now Rs 102.45 per litre, while high speed diesel will cost Rs 113.16 per litre. Light diesel oil will cost Rs 96.22 per litre, while kerosene will be sold at Rs 109.23 per litre. In Khyber Pakhtunkhwa, Balochistan and Potohar, the price of CNG will now become Rs 93.79 per kilogram, while it will come down to Rs 85.68 per kilogramme in Sindh and Punjab.
