Government reduces petrol price, raises diesel
The government on Wednesday reduced the price of petrol by Rs2.71 per litre to Rs379.31, while increasing the price of high-speed diesel (HSD) by 31 paisa to Rs390.11 per litre, effective October 22. According to a press release issued by the Petroleum Division, the Oil and Gas Regulatory Authority (OGRA) revised the ex-depot prices of petroleum products under the federal government’s pricing mechanism. The Petroleum Division said the revisions were necessitated by global developments, including movements in Platts rates, premiums and incidentals. The revised prices follow successive changes in petroleum…
Read More