Saturday, 1 November 2014

Big cut in petrol, diesel prices takes effect

Big cut in petrol, diesel prices takes effect

Big cut in petrol, diesel prices takes effect

ISLAMABAD: The costa rica government reduced with Friday the prices connected with oil solutions through up to 11 per cent in view connected with heading downward gas rates in global market place.
For the suggestion connected with Coal and oil Regulating Guru (Ogra), Perfect Minister Nawaz Sharif accepted the retail price decline along with immediate consequence.
Here is the single major cut in rates connected with oil solutions in in relation to a decade. Your elementary rates in global market place include dropped underneath $86 each gun barrel through July via $98 each gun barrel by the end connected with Sept and also $104 each gun barrel in September.
Even so the cut in the prices was in some measure balance out through a boost inside charges connected with margins with regard to gas advertising and marketing firms and also revenue connected with oil traders and also decline connected with rupee against dollar, the state run explained.
As per deciding, the actual ex-depot value connected with fuel are going to be Rs94. 21 each litre right after Rs9. 43 (9. 1pc) decline and that connected with high speed diesel powered Rs101. twenty one each litre right after Rs6. 20 (5. 68pc) slice.
The price of HOBC may be reduced through Rs14. 68 (11. 2pc) to Rs116. fortyfive each litre and people connected with mild diesel powered gas through Rs8. 2008 (8. 8pc) to Rs83. 42 and also kerosene gas, employed by people in rural areas with regard to preparing food, through Rs8. 07 (8. 52pc) to Rs87. fladsk�rm each litre.
Your charges have been revised right after raising margins with regard to gas advertising and marketing firms with fuel through 12 paisa to Rs2. 27 via Rs2. 12 (5. 4pc).Your OMC margin with high speed diesel (HSD) may be jacked up through 49 paisa (26pc) to Rs2. 35 via Rs1. 86 each litre.
For oil dealers, the sale commission may be increased by 35 paisa on both diesel and fuel. As a effect, the dealer commission may be increased from Rs2. 77 per litre to Rs3. 08 with petrol (11pc).
Moreover, the dealer commission rate on diesel may be increased from Rs2. 35 to Rs2. 60 (13pc).Apart via Rs6 to Rs14 each litre petroleum garnishment, the govt also charges 17pc standard sales tax with all oil solutions.

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