The government on Friday night slashed the prices of the petroleum products for the next 15 days, while the Oil and Gas Regulatory Authority (Ogra) cut the rate of liquefied petroleum gas (LPG) for the month of March, according to separate notifications.
The Finance Division said in a press release that price of high-speed diesel (HSD) was cut by Rs5.31 per litre, motor spirit (petrol) by Rs0.50 per litre, kerosene oil by Rs3.53 and light diesel oil (LDO) by Rs2.47. Separately, Ogra notified a reduction of Rs6.15 per kilogramme in the price of LPG.
"The Oil & Gas Regulatory Authority (OGRA) has reviewed and adjusted consumer prices for petroleum products in view of recent fluctuations in the international oil market," the finance division stated. The prices took effect from midnight Friday and would be effective until February 15.
According to the press release the price of HSD slashed from Rs263.95 to Rs258.64; MS (petrol) went down from Rs256.13 to Rs255.63, superior kerosene oil from Rs171.65 to Rs168.12 and the LDO from Rs155.81 to Rs153.34.
Meanwhile, the rate of a domestic-use LPG cylinder came down by Rs72.57, as per the Ogra notification. The notification said the price of LPG rate for the month of March would be Rs247.82 per kg. Hence, an 11 kgs cylinder would cost Rs2,924.31, down from Rs2,996.88 during February.
LPG, also known as cooking gas or canister gas, is widely used in Pakistan as an alternate fuel primarily for domestic and commercial cooking. Additionally, it serves as an energy source in the automotive sector, industrial applications, and power generation.
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