mm-news-@dmin OGRA finalizes the summary for revision of petroleum product prices and forwards it to the Petroleum Division
- Authorities expect the price of light diesel oil to drop by Rs1.64 per liter.
- Authorities are likely to reduce the price of high-speed diesel (HSD) by 97 paise per liter.
- Kerosene may see a cut of Rs2.75 per liter, say sources.
Petroleum prices are likely to decrease from October 16, with petrol expected to become cheaper by up to Rs6.10 per liter, The News reported on Wednesday, citing sources in the petroleum sector.
According to the industry’s price calculations submitted to the Oil and Gas Regulatory Authority (OGRA), authorities are likely to reduce the price of high-speed diesel (HSD) by 97 paisa per liter, while they may cut the price of kerosene by Rs2.75 per liter.
Light diesel oil (LDO) is also expected to drop by Rs1.64 per liter, sources said.
They said that OGRA has finalized its summary for the revision of petroleum product prices and forwarded it to the Petroleum Division.
On October 1, the federal government hiked the price of petrol by Rs4.07 per liter. Petrol is currently being sold at Rs268.68 per liter.
Similarly, authorities also raised the price of high-speed diesel (HSD) by Rs4.04, bringing it to Rs276.18 per liter.
Petrol powers small vehicles, rickshaws, and bikes, making price hikes especially hard on middle- and lower-income households who depend on it for daily commuting.
In contrast, a substantial portion of the transport sector depends on high-speed diesel. Economists consider its price inflationary because people widely use it in trucks, buses, trains, and farm machinery such as tractors and irrigation systems, including tube wells.
