Islamabad:
The federal government announced the fifth decline in the price of gasoline by RS7.54 per liter for the next 15 days, reducing the new percentage to RS264.61 per liter.
According to a notice issued by the Financial Department late Thursday night, gasoline prices have been reduced, violating the upward trend in recent hikes. However, the price of high speed diesel (HSD) has increased by RS1.48 per liter.
The price of gasoline has been reduced by RS272.15 to RS264.61 per liter, while HSD now costs RS285.83 per liter, from RS284.35.
This review will take effect immediately from August 1st for the next 15 days.
The government said the revised prices were made after the review of the market trends and on the basis of recommendations by OGRA and the relevant ministries.
Fuel prices in Pakistan are revised on a fortnightd basis, with adjustments reflecting changes in international oil prices and exchange rate.
In the previous revision of the fortnight, the government had increased gasoline by RS5.36 per liter, setting the price in RS272.15, while the diesel had increased by RS11.37, reaching RS284.35 per liter.
Earlier, the Oil and Gas Regulatory Authority (OGRA) announced a significant reduction in the price of liquefied gas (LPG) on Thursday, issuing an official alert for this purpose.
According to the notice, the price of LPG has been reduced by RS17.74 per kilogram, bringing relief to domestic consumers. The cost of a 11.8kg household cylinder has been reduced by RS209.24.
For August, the new price of a domestic LPG cylinder is set to RS2,541.36, compared to RS2,750.60 in July. Ogra said the price per kilogram of LPG has been revised to RS215.36 for August, compared to RS233 per kilo last month.
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