Petroleum prices likely to be slashed by Rs4.35 per litre in Global Market 

Petroleum prices to be slashed in Global Market

Islamabad: The petroleum prices are likely to be slashed by Rs4.35 per litre in the upcoming month of September.

According to sources, the price of petrol is likely to be reduced by Rs2.60 per litre in the global market. Likewise, the prices of High Speed Diesel (HSD) Rs3.46, High Octane Blending Component (HOBC) Rs4.35, and Light Diesel Oil (LDO) Rs2.80 per liters are likely to be reduced.

The price of kerosene, which is used for cooking in rural areas, is likely to be dropped by Rs3 per litre.

However, the Finance Ministry is considering increment in petroleum levy and General Sales Tax (GST) which would deprive the public from the relief.

Source: Online

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