Petroleum products prices decrease; effective from today

The government on Saturday night announced an across the board decrease in the prices of petroleum products for December.

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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.

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