Finance Minister Abdul Hafeez Shiekh announced that Petroleum prices decreased in Pakistan by Rs 7.6 Per liter.
Petrol and diesel prices are decrease by Rs 7.6 per liter. Light Diesel Oil (LDO) and kerosene oil prices were also lower by Rs 9.37 and Rs 11.88 respectively by Finance Minister Abdul Hafeez Sheikh.
Every year the government expresses the economic year?s budget in the first week of June. This time it would be a Coronavirus budget. He also mentions that petroleum costs will decrease the prices of other products. Traveling costs and even the investment in energy sectors will be diminishing as well.
The new price will be effective from 1st June 2020. Ministry officials urge that the government is trying its best to facilitate maximum relief to the people by cutting down per liter prices of POL products.
| PRODUCT | RETAIL PRICE |
|---|---|
| Premium | 74.52/Ltr |
| High Speed Diesel | 80.15/Ltr |
| Light Speed Diesel | 38.14/Ltr |
| Kerosene Oil | 35.56/Ltr |
