ISLAMABAD: The government Saturday decided to reduce prices of petrol and diesel by Rs 2.07 and Rs 2.00 per litre respectively for the month of April 2018.
It has further been decided to maintain the prices of Kerosene oil and Light Diesel Oil (LDO) at the same level as in the month of March, said a press statement issued by the Ministry of Finance here.
The Oil and Gas Regulator Authority (OGRA) had proposed increase in the price of diesel by Rs 0.65 per litre but keeping in view the fact that diesel was primarily used in public transportation, transportation of goods, and also in farm equipment, the government decided not to burden the public at large with higher rates of diesel.
OGRA had also recommended a greater price reduction in the price of petrol, but keeping in mind that in previous months the government had reduced the price of petrol by more than what OGRA had recommended, and given the rising price of crude oil in the international market, the government took the decision to reduce the price of petrol by Rs 2.07 per litre.
Finally, the prices of Kerosene and LDO are being maintained at the level as in March 2018 even though OGRA had recommended to increase the rates of both these products, it added.
The prices shall be effective from April 1, 2018 till midnight on April 30, 2018, the statement addded. As per the new prices, petrol would be sold at Rs86 per liter during April whereas Diesel at Rs96.45 per liter, Kerosene Oil at Rs76.46 per liter and Light Diesel Oil at Rs65.30 per liter.
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