Petrol price in Pakistan expected to fall from Sept 1

• OGRA suggests Petroleum Division reduces price of petrol by Rs3.5.
• Price of diesel Rs5, light diesel oil Rs2, and kerosene oil Rs3.
• Finance Ministry to take final decision after consultations with PM.

The price of petroleum products in the country is expected to fall from September 1, as the Oil and Gas Regulatory (OGRA) has sent a bi-monthly rate list to the government, sources said Monday.

The OGRA has suggested the Petroleum Division reduces the price of petrol by Rs3.5, diesel Rs5, light diesel oil Rs2, and kerosene oil by Rs3, sources said.

However, the Ministry of Finance will take a final decision in this regard after consultations with Prime Minister Imran Khan.

The Government of Pakistan on August 15 had announced that it would not increase the price of petrol for the remaining month of August, a notification issued in this regard confirmed.

On the other hand, the price of kerosene oil had been increased by Rs0.81 per litre, while the price of light diesel had been increased by Rs1.10 per litre.

The new price of kerosene oil was set at Rs88.30 per litre and light diesel is being sold for Rs85.77 per litre, the notification had said.

Meanwhile, petrol prices remained unchanged at Rs119.80 per litre and the price of high-speed diesel also remained unchanged at Rs116.53 per litre, the notification confirmed.