The government has announced a reduction in the prices of petroleum products by up to Rs 7 per liter. According to the notification issued by the Petroleum Division, petrol was reduced by Rs 5 per liter to Rs 140.82 while high speed diesel became cheaper by Rs 5 to Rs 137.62 per liter. In the notification, kerosene has also been reduced by Rs 7 per liter, with new rates being Rs 109.53, while light diesel will also be available at Rs 107.06 per liter with a reduction of Rs 7.
According to the Petroleum Division, the new prices will be applicable from 12 noon tonight for the next 15 days till December 31. According to sources, OGRA has proposed a reduction in the price of petrol by Rs 11 and diesel by Rs 9 per liter. Don’t tell Earlier, OGRA had on November 30 proposed a reduction of about Rs 7-8 per liter in the prices of petroleum products but the Finance Ministry had decided to keep the prices low.
Read also: Elimination of sales tax rate on petrol Global crude oil prices reached 84 84 in the last week of October, with a gradual decline in December and now global crude oil prices are at 70. ڈالر 75 per barrel. JPMorgan predicts that global oil prices will reach 125 125 a barrel in 2022 and 150 150 a barrel in 2023.
