Latest news with #Rs153.34
Express Tribune
15-03-2025
- Business
- Express Tribune
Govt keeps petrol, diesel prices unchanged till Eid
The government has decided to maintain the prices of all petroleum products at their current levels for the next fortnight, starting March 16, 2025, according to a notification issued by the Finance Division. The price of petrol will remain at Rs255.63 per litre, while high-speed diesel will be priced at Rs258.64 per litre. Additionally, kerosene will be available at Rs168.12 per litre, and light diesel will be priced at Rs153.34 per litre during the same period. These prices will come into effect on March 16, 2025. Earlier, reports suggested that the government might reduce the prices of petroleum products by up to Rs14.16 per litre, following a decrease in global oil prices and premiums, based on estimates from oil marketing companies (OMCs). However, Prime Minister Shehbaz Sharif opted to maintain the current prices, directing the full financial benefit to be transferred to the public through a reduction in electricity rates. In a statement from the Prime Minister's Office, Shehbaz Sharif confirmed that the government would keep the prices of petroleum products unchanged, preparing to provide significant relief to the public by reducing electricity rates. He added that the decision to maintain petroleum prices was part of a broader strategy to help consumers by making electricity more affordable. Prime Minister Sharif revealed that a comprehensive plan to lower electricity rates was in the final stages of preparation, with an announcement expected in the coming weeks. He explained that the financial space created by fluctuations in global oil prices, combined with other measures, would allow the government to offer substantial relief through lower electricity prices. The Premier reiterated his commitment to prioritizing public relief, stating that this initiative would not only reduce electricity prices but also have a positive effect on overall inflation, contributing to further price reductions.
Express Tribune
01-03-2025
- Business
- Express Tribune
Prices of petroleum products slashed
The government on Friday night slashed the prices of the petroleum products for the next 15 days, while the Oil and Gas Regulatory Authority (Ogra) cut the rate of liquefied petroleum gas (LPG) for the month of March, according to separate notifications. The Finance Division said in a press release that price of high-speed diesel (HSD) was cut by Rs5.31 per litre, motor spirit (petrol) by Rs0.50 per litre, kerosene oil by Rs3.53 and light diesel oil (LDO) by Rs2.47. Separately, Ogra notified a reduction of Rs6.15 per kilogramme in the price of LPG. "The Oil & Gas Regulatory Authority (OGRA) has reviewed and adjusted consumer prices for petroleum products in view of recent fluctuations in the international oil market," the finance division stated. The prices took effect from midnight Friday and would be effective until February 15. According to the press release the price of HSD slashed from Rs263.95 to Rs258.64; MS (petrol) went down from Rs256.13 to Rs255.63, superior kerosene oil from Rs171.65 to Rs168.12 and the LDO from Rs155.81 to Rs153.34. Meanwhile, the rate of a domestic-use LPG cylinder came down by Rs72.57, as per the Ogra notification. The notification said the price of LPG rate for the month of March would be Rs247.82 per kg. Hence, an 11 kgs cylinder would cost Rs2,924.31, down from Rs2,996.88 during February. LPG, also known as cooking gas or canister gas, is widely used in Pakistan as an alternate fuel primarily for domestic and commercial cooking. Additionally, it serves as an energy source in the automotive sector, industrial applications, and power generation.
