Tuesday, July 23, 2024
HomeLatestGovt Reduces Petrol Price by Rs 10.20 per litre

Govt Reduces Petrol Price by Rs 10.20 per litre

Govt Reduces Petrol Price by Rs 10.20 per litre. Petrol costs will drop by Rs. 10.20 per litre starting on June 15 and will now stand at Rs. 258.16 per litre. A statement from the Prime Minister’s Office states that HSD will now only cost Rs267.89 per litre, a decrease of Rs2.33 per litre. In the open market, the price of kerosene oil will remain at Rs171.61 per litre and that of light diesel oil (LDO) at Rs157.32 per liter.

Notably, on June 1, the government had reduced the price of petrol by Rs 4.74 per liter and diesel by Rs 3.86 per litre. So far, people have got Rs 35 per liter relief in petrol price. Additionally, Prime Minister Shehbaz Sharif announced earlier in the day that the industrial sector would get a significant reduction in electricity rates, reducing prices by Rs 10.69 per unit, with the intention of increasing exports and industrial production.

The National Electric Power Regulatory Authority (NEPRA) recommended this reduction for industries and through the Prime Minister’s efforts, the new electricity price per unit for the industrial and export sector was fixed at Rs 34.99. The Prime Minister’s package is expected to provide relief of over Rs 200 billion to industries, which will increase their competitiveness in the global market.

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