Government reduces Petrol and Diesel prices

The government on Tuesday announced the price reduction of Petrol and high-speed diesel (HSD). The price of petrol is decreased by Rs 8.47 per litre and high-speed diesel by Rs 6.70 per litre. The petrol price is now set at Rs 260.96 per litre against its existing price of Rs 269.43 per litre. Meanwhile, the Diesel would be available at Rs 266.07 per litre as compared to its previous price of Rs 272.77 per litre.

According to a press release from the Ministry of Finance, these adjustments are based on international market price variations, “the Oil and Gas Regulatory Authority (OGRA) has worked out the consumer prices of petroleum products, based on the price variations in the international market”.