Prices of petroleum products likely to decline from 1st December
Petrol price was proposed to be reduced by 25 paise per liter
Islamabad (November 29, 2019): Prices of petroleum products are likely to drop from 1st December. According to details, prices of petroleum products are likely to decline from 1st December. The Oil and Gas Regulatory Authority (OGRA) has prepared a summary of the reduction in the prices of petroleum products, according to which the petrol price was recommended to be reduced by 25 paise from 1st December.
In the summer, kerosene prices were proposed to be reduced by 83 paise per liter and light diesel prices by Rs 2 90 paise per liter. OGRA has submitted the summary to the Petroleum Division, on which the finance ministry will take a final decision tomorrow in consultation with the Prime Minister and the new prices will be applicable from December 1. It is to be noted that the prices of petroleum products were also reduced for November.
The government decided on October 31 on a summary submitted by Ogra, which announced a reduction in prices of petroleum products from November 1. Under this announcement, the price of light-speed diesel was reduced by Rs 6 to 56 paise, while the price of kerosene was reduced by Rs 2 to 39 paise while the price of petrol was increased by Rs 1.
However, petrol prices are likely to drop for December, which is likely to be announced on November 30. It should be remembered that after the arrival of the Pakistan Tehreek-e-Insaf (PTI) government, the necessities of life increased manifold. Petrol is also present in these items, which has caused more problems to the citizens. Recently, the leader of the Pakistan Tehreek-e-Insaf (PTI) recently claimed that petrol is being sold at Rs. 75 per liter across the country at Rs. 114 for 24 paise.
He made this claim on a question posed by a reporter on petrol prices. He was criticized on social media following the Supreme Court’s claim. On this claim, the people said that the PTI did nothing but increase inflation after coming to power.