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Petroleum Ministry approves Rs 2.94 cut in petrol price

Petroleum Ministry approves Rs 2.94 cut in petrol price

ISLAMABAD: The petrol price has been reduced by Rs 2.94 per litre which would be applicable from October 1 throughout the country.

In a statement on Tuesday, the Ministry of Petroleum and Natural Resources said that the Oil and Gas Regulatory Authority (OGRA) had recommended decrease in petroleum prices and sent a summary in this regard to the ministry. The ministry approved the summary following a declining trend in the price of crude oil in the global market.

The ministry approved Rs 2.94 per litre decrease in petrol price; Rs. 1.98 per litre in High Octane; Rs. 1.31 per litre in kerosene oil and Rs 0.95 per litre decrease in high speed diesel (HSD) prices.