The government on Saturday night announced an across the board decrease in the prices of petroleum products for December.
The decision was made keeping in view recommendations made by the Oil & Gas Regulatory Authority (Ogra) which had proposed the decrease to pass on the impact of lower international market rates.
According to a notification issued by the finance ministry, petrol will now cost Rs113.99 per litre which is Rs0.25 cheaper than last month’s rate.
Light diesel oil and high speed diesel will see a significant reduction in prices this month, costing Rs2.90 and Rs2.40 cheaper. According to the new rate, light diesel oil will cost Rs82.43 and high speed diesel will cost Rs125.01.