Diesel price cut by Rs2.4 per litre; petrol rate remains unchanged

The government has decided that there will be no increase in the price of petrol for next 15 days.

According to a notification issued by the Prime Minister Office, the price of high speed diesel (HSD) has been reduced by Rs2.40 per litre.

On Tuesday, the Oil and Gas Regulatory Authority (OGRA) had recommended reducing the petrol prices in the country from October 1-15. OGRA, in its summary to the Petroleum Division, had suggested a reduction of Rs1.15 per litre in the petrol price for the first 15 days of October.

Meanwhile, the authority had suggested that the prices of light diesel and kerosene oil should be maintained at the same rate and the price of diesel should be slashed by Rs2.

The current price of petrol stands at Rs103.97 per litre, whereas the per litre prices of diesel, kerosene oil, and light diesel are Rs104.06, Rs65.29, and Rs62.86, respectively.