The GOVERNMENT on Sunday marked down the cost of PETROLEUM by Rs7.06 per liter for the long stretch of June, with new cost fixed at Rs74.52, as per an announcement gave by the Ministry of Finance.According to the announcement, the cost of lamp oil has been decreased by Rs11.88 per liter and will currently be Rs35.56 per liter. The cost of rapid diesel has been expanded by five paisas for each liter, denoting the new cost at Rs80.15 per liter.
Also, the cost of light diesel oil is fixed at Rs38.14 per liter which was recently set at Rs47.51 per liter.An announcement by the Prime Minister’s Office said that Pakistan’s fuel is currently “the least expensive” in South Asia.
“India is actually twofold. Bangladesh, Sri Lanka and Nepal are each of the 50 to 75 percent more costly than us,” it said.Yesterday, the Oil and Gas Regulatory Authority (OGRA) had suggested a decrease in petroleum cost by Rs7.06/liter, lamp fuel Rs11.88/liter and light diesel oil (LDO) cost by Rs9.37/liter for June.
The administrative body had, be that as it may, proposed that the cost of diesel ought to stay unaltered. For diesel, OGRA had suggested a Rs0.05/liter increment to Rs80.15/liter. It merits referencing that the administration is charging 17% general deals charge (GST) on all oil based commodities. Aside from it, the administration is additionally gathering oil demand (PL) on these items, which is straightforwardly taken from customers.
