In a recent development, the government has decreed a modest reduction in petrol price for the first two weeks of August 2024. The announcement, issued by the Oil and Gas Regulatory Authority (Ogra), reflects adjustments based on fluctuations in international oil prices and exchange rates.
With Prime Minister Shehbaz Sharif’s approval, the petrol price has been lowered by Rs6.17 per litre, bringing the new rate to Rs269.60, down from Rs275.60.
Similarly, the price of high-speed diesel (HSD) will decrease by Rs10.86 per litre, settling at Rs272.77, from its previous rate of Rs283.63.
Kerosene oil has also seen a reduction, with its price falling by Rs6.32 per litre to Rs177.39, down from Rs183.71.
Additionally, light diesel oil (LDO) will now be available at Rs160.53 per litre, a decrease of Rs5.72 from the existing rate of Rs166.25.
