Government has decided to reduce petrol prices by Rs1.72. PHOTO: FILE
In a meeting with Prime Minister Nawaz Sharif on Saturday, finance minister Ishaq Dar had said that the strengthening rupee against the dollar had provided a positive impetus to imports, including petroleum products.
Keeping in view the positive impact of improving exchange rate of Rs98 to the greenback, the premier directed to pass on the benefits to common man and approved slashing of petrol prices by Rs1.72, while the price of high-speed diesel by has been reduced by Rs2.90.
The new petroleum prices will be effective from April 1, 2014.
Following are the new petroleum prices in rupees:
Product | Current price w.e.f. 1-3-2014 | New price w.e.f. 1-4-2014 | Change in price | % Change |
Kerosene | 106.76 | 101.15 | 5.61 | - 5.3 |
Light Diesel Oil | 100.22 | 95.06 | 5.16 | - 5.1 |
HOBC | 141.23 | 136.57 | 4.66 | - 3.3 |
High Speed Diesel | 116.75 | 113.85 | 2.90 | - 2.5 |
MS (Petrol) | 110.03 | 108.31 | 1.72 | - 1.6 |
In a letter written to all provincial Chief Ministers after reducing petroleum prices the Prime Minister said that it is high time to pass on benefits of cheaper imports and cheaper cost of transportation to the citizens.
People of Pakistan are expecting reduction in the fares of urban and inter-city transport after the reduction in petroleum prices, said Nawaz.
The Premier further stated that “We expect lower prices of essential commodities due to lower transportation costs. I expect your personal interest and strong follow-up for immediate relief to the people of Pakistan”.
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