Petrol price likely to decrease from Oct 16

The government is likely to decrease the price of petroleum products across the country, sources said, as the Oil and Gas Regulatory Authority (OGRA) forwarded a summary to the Petroleum Division on Wednesday.

According to media reports, the government may slash POL prices slightly by bringing down the amount of levy imposed on petroleum products.

The government is currently collecting Rs30/litre petroleum levy on diesel and Rs27.32/litre on petrol. On the other hand, the amount of petroleum levy on kerosene oil imposed is Rs11.43.

The final prices of petroleum products, however, will be decided by the Ministry of Finance after taking into account Prime Minister Imran Khan’s recommendations.

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