Petrol to be sold at Rs. 84.53/ltr from December 1

ISLAMABAD: Prime Minister Mian Mohammad Nawaz Sharif on Saturday approved the decrease in petroleum prices in view of prevailing trend in the international market, ARY News reported.

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Crude oil prices in the global market has been declined to four years low after witnessing downward trend for last five successive months.

Prime Minister approved OGRA’s summary to reduce petrol rates by Rs 9.66 and high octane blending component by Rs 10.

Furthermore, consumers will get decrease of Rs 7.12 in high speed diesel, Rs. 5 in light diesel while reduction of Rs 4.1 in the rates of kerosene oil.

From December 1, the petroleum price will stood as follows, High Octane Bleeding Component (HOBC) at 103.12, Petrol at 84.53, High Speed Diesel (HSD) at 94.9, Light Speed Diesel (LDO) at 78.37 and Kerosine Oil at 83.52.

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Petrol to be sold at Rs. 84.53/ltr from December 1

by Zohaib Kazmi