Petrol, diesel prices reduced by Rs2 per litre, announces Asad Umar

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ISLAMABAD: The government has decided to cut down prices of diesel and petrol by Rs2 per litre, according to Finance Minister Asad Umar, on Friday.

This was revealed by the finance minister during a press conference. Asad Umar said that the government had reduced prices of petrol and diesel keeping in mind the plight of the common man.

“Prices of petrol had risen globally in October but we increased them only by half,” he said, referring to the price hike of petrol by Rs5 per litre.

Price of kerosene oil has been cut by Rs3 per litre, whereas light diesel oil price has been slashed by Rs5 per litre. Price of domestic gasoline has been decreased by Rs2 per litre, he announced.

By reducing prices of petrol and diesel, the government negated OGRA’s recommendation to increase prices by Rs10.

In a summary forwarded to the petroleum division, the authority had recommended an increase of Rs6.21 per litre in petrol prices, Rs2 per litre in diesel prices, Rs9.91 in kerosene oil prices and Rs7.79 in light diesel prices.