Islamabad (Friday, May 01, 2020): Oil and Gas Regularity Authority (OGRA) sent the rundown to the government to cut the costs of petroleum items from May 1, 2020 Price of Petrol is going to down the authority says that the cost will go down 17 percent of the petrol value which is right now 76.25 Rupees nowadays and it is going down 7.56 rupees before first of May, 2020.
OGRA New Petroleum Products Prices in Pakistan from 1st May 2020
By sources, decrease of Rs 7.56 for each liter is normal in petrol cost if the administration consented to lessen the extra GST. Cost of rapid diesel is relied upon to decrease by Rs 11, high octane Rs 10.15 for every liter, lamp oil Rs 8.17 for every liter and light diesel cost could go around Rs 7.36 for each liter. Clergyman for Petroleum and Natural Resources Shahid Khaqan Abbasi has said that POL costs will be further decreased from the first of May, 2020.
Taking after the notice, The new costs of petroleum are appeared as under. The Oil and Gas Regulatory Authority (OGRA) is wanting to cut petroleum costs by Rs 8-10 from first May this year taking after constant sliding unrefined petroleum costs in the worldwide business sector, particularly Saudi Arabia where the raw petroleum cost remained underneath $22 per barrel. Petrol and diesel were being sold at Rs 40.39 and Rs 26.21 for each liter individually in January 2005 when the costs of raw petroleum were around $60-65, the experts said.
In the event that the administration lessens petrol cost by Rs 8-10 from May 1, the petrol cost will remain at Rs 67-68 for each liter in Pakistan. The real cost ought to associate with Rs 40-50 if the Arab raw petroleum cost was beneath $25 per barrel, the expert asserted. See the information of OGRA Latest Petroleum Prices in Pakistan from 1st May 2020 below…
|Premium (Super)||Rs. 81.58 /Ltr|
|High Speed Diesel||Rs. 80.1 /Ltr|
|Light Speed Diesel||Rs. 47.51 /Ltr|
|Kerosene Oil||Rs. 47.44 /Ltr|