From May 16, petrol has been reduced by 15 rupees 39 paise, diesel by 7 rupees 88 paise, the Ministry of Finance has issued a notification.
Lahore (Urdupoint Newspaper Latest. May 15, 2024) The government has reduced the prices of petroleum products, from May 16, petrol has been reduced by 15 rupees 39 paise, diesel by 7 rupees 88 paise. According to the details, the federal government has announced a major relief for the consumers of petroleum products for the remaining 16 days of this month. According to media reports, the federal government has reduced the prices of petroleum products by 15 rupees.
After Prime Minister Shehbaz Sharif approved the reduction in the prices of petroleum products, the Ministry of Finance issued a notification of new prices of petroleum products. According to the notification issued by the Ministry of Finance, the price per liter of petrol, high speed diesel, light speed diesel and kerosene has been reduced.
According to the notification of the Ministry of Finance, the price of petrol has been reduced by 15 rupees 39 paisa per liter, the price of high speed diesel by 7 rupees 88 paisa, the price of light diesel by 7 rupees 54 paisa and the price of kerosene oil has been reduced by 9 rupees 86 paisa. went
Thus, the new price of petrol is 273 rupees 10 paise per liter, the new price of diesel is 274 rupees 08 paise per liter, the new price of kerosene is 173 rupees 48 paise and the price of light diesel is 161 rupees 17 paise. According to the Ministry of Finance, the new prices will be applied from 12:00 PM, which will remain in effect until 11:59 PM on May 31. It should be noted that the prices of oil in the world market decreased significantly during the last few days, due to which the prices of petroleum products also decreased in Pakistan.
According to market sources, the prices of petroleum products were expected to decrease by 13 rupees. While according to the sources, the government has not imposed GST on petroleum products on the demand of IMF, due to which the price of petroleum products has been reduced.
