Ex-depot prices of petrol and high-speed diesel are likely to decrease by Rs 8.3 paise per liter due to drop in oil prices in the global market.
The report of Business Recorder states that according to an estimate, in the review of the prices of petroleum products by the federal government for May 1 to 15, 2024, the price of petrol will be 4 rupees 88 paise per liter and the price of high speed diesel 7 rupees per liter. A reduction of Rs 37 paise per liter is expected.
The price of kerosene oil is likely to decrease by Rs 8.03 paise and the price of light diesel oil by Rs 5.37 paise per litre.
The Oil and Gas Regulatory Authority (OGRA) will submit its recommendations regarding the prices of petroleum products to the Finance Division on April 30, 2024.
In case of price reduction, the price of petrol will be Rs 289.06 per liter instead of Rs 293.94 and the new price of high speed diesel is expected to be reduced from Rs 290.38 per liter to Rs 283.01 per litre.