Islamabad: Good news for the people due to inflation, the government has reduced the prices of petroleum products by giving a big relief.
Petrol 40, high speed diesel 15 and kerosene 22 rupees 43 paise per liter have been made cheaper.
According to the notification issued by the Ministry of Finance, after the price reduction, the new price of petrol is Rs 283 38 paisa, the new price of high speed diesel is Rs 303 18 paisa per liter, while the new price of kerosene is Rs 214 85 paisa per liter. Ministry of Finance According to the main reason for the decrease in the prices of petroleum products is the increase in the value of the Pakistani rupee against the US dollar and the decrease in the prices of crude oil in the global market.
The new petrol prices were implemented across the country after 12 pm. On the other hand, the profit of oil marketing companies and dealers on petrol and diesel is likely to increase further. Sources say that from October 16, oil marketing companies and dealers It is proposed to increase the profit by 88 paise per liter. Sources According to Petroleum Division, the profit of oil marketing companies is 47 paise per liter while the profit of dealers on petrol and diesel is proposed to be increased by 41 paise per liter. OMC and dealers margin has also been extended on September 16 and October 1.
According to the sources, currently oil marketing companies are taking profit of 6 rupees 94 paise per liter of petrol, dealers are taking profit of 7 rupees 82 paise per liter, while the profit of oil marketing company is 7 rupees 8 paise per liter of diesel. Dealers margin is being charged Rs 7.82 paisa per liter of diesel.