ISLAMABAD: The prices of petroleum products are likely to be reduced by up to Rs 6.35 per liter from December 1, according to sources.
The price of petrol is expected to be reduced by Rs 3.75 per liter, while the price of high-speed diesel is expected to be reduced by Rs 6.10 per liter.
Similarly, the price of kerosene is expected to be reduced by 73 paise and the price of light diesel oil by Rs 6.35 per liter.
Sources further said that the oil industry has completed its work regarding the proposed change in prices and sent it to OGRA, after which OGRA is preparing a summary of the price changes based on these recommendations.
This summary will be sent to the Ministry of Finance tomorrow.
The Ministry of Finance will announce the new prices of petroleum products to be implemented from December 1 on November 30, which will be effective for the next 15 days.
According to sources, the Ministry of Finance will also consult with the Prime Minister before making this announcement.
ISLAMABAD: The Pakistan Telecommunication Authority (PTA) has issued a warning for mobile phone users against…
ISLAMABAD: Iranian President Dr. Masoud Peshkeskian met President Asif Ali Zardari and Prime Minister Shehbaz…
ISLAMABAD: The government has approved a reduction in advance tax rates on property buyers and…
RAWALPINDI: Chief of Army Staff, Field Marshal Syed Asim Munir, met with Iranian President Masoud…
LAHORE: Following the reduction of petroleum prices, solar panels and batteries witnessed a sharp fall…
ISLAMABAD: State Bank of Pakistan (SBP) has declared a two-day public holiday for Ashura (9th &…