Wednesday, 1 October 2014

Govt slashes up to Rs2.95 off petroleum products

Govt slashes up to Rs2.95 off petroleum products

The new prices, which have been approved by Prime Minister Nawaz Sharif, will be effective from October 1.—File photo

ISLAMABAD: The federal government on Tuesday approved up to Rs2.95 per litre cut in the price of petroleum products (POL), which would be effective from October 1.
A new notification has been released following your authorization connected with Perfect Minister Nawaz Sharif underneath month to month POL price tag evaluate system.
According to the notification, the revolutionary price tag connected with gasoline will likely be Rs103. sixty two after having a lowering connected with Rs2. 94; Large Octane Blended Aspect (HOBC) will likely be costing Rs131. 13, some sort of lowering connected with Rs1. 88; kerosene oil will likely be costing Rs95. 58 after having a reduce connected with Rs1. thirty-one; high-speed diesel engine will likely be costing Rs107. 39, some sort of lowering connected with Rs0. 97; along with light diesel engine oil (LDO) will likely be available at Rs91. forty six, some sort of lowering connected with Rs0. 67.
In line with options, among decrease in your costs connected with petroleum merchandise globally, the nation possesses lost some sort of reduction package deal amounting to help Rs10 million since the politics turmoil has had your overall economy underneath it's knowledge which has ended in further devaluation in the rupee resistant to the greenback.
Sources within the Ministry connected with Petroleum mentioned that if the nation has not been governed by country wide protests along with sit-ins within the federal money, your public might have been given some sort of reduction connected with Rs6 per litre with the price tag on gasoline, large rate diesel engine might have already been decreased through at the least Rs5. 50, whilst the price tag on kerosene oil might have already been decreased through Rs5. 87 respectively.

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