Submit News
Dialogue Pakistan
No Result
View All Result
  • Citizen Journalism
  • News
  • Videos
  • Features
  • In Pictures
  • Lifestyle
  • Urdu
  • Citizen Journalism
  • News
  • Videos
  • Features
  • In Pictures
  • Lifestyle
  • Urdu
No Result
View All Result
Dialogue Pakistan
No Result
View All Result

Prices of petrol expected to reduce by over Rs.20 per litre

Web Desk by Web Desk
April 30, 2020
in News
0
shortage
8
SHARES
48
VIEWS
Share on FacebookShare on Twitter

Prices of petroleum products in Pakistan have plummeted for a month from today by up to 57 per cent. Prices have dropped due to an foreign oil price drop of 30 per cent.

A decision is to be made after consultation with the International Monetary Fund (IMF). The Oil and Gas Regulatory Authority (Ogra) has, however, come up with a 57 percent cut in the prices of various goods. This will come into force on the basis of existing tax rates as from 1 May.

Currently, the Brent oil price benchmark jumped from around $27 a barrel on March 25th by 30pc to $20 a barrel. Since 25 February, the oil price of Brent has plummeted by almost 65%.

Ogra has estimated a decrease in high-speed diesel (HSD) and petrol prices around Rs33.94 and Rs20.68 per litre, respectively.

According to an official, the Ministry of Finance and the Federal Revenue Board (FBR) are attempting to pass nearly half of Ogra’s price reduction on to customers. We would maintain the remainder as a windfall by increasing petroleum levy rates.

OGRA also suggested a decrease in HSD prices of about 31.6 per cent. HSD’s ex-depot price for the next month was worked out from Rs107.25 on Rs73.31. This reflects a reduction of Rs33.94 per litre.

Ogra has also estimated the next month’s ex-depot price of petrol at Rs75.90 per litre from Rs96.58. This is a reduction of 21.4pc per litre, or Rs20.68.

Kerosene’s ex-depot price would drop by 56.9pc or Rs44.07 per litre, to hit Rs33.38 per litre from the present Rs77.45.

Similarly, at present, the ex-depot price of light diesel oil (LDO) will be reduced by 39.3pc or Rs24.57 per litre, to reach Rs37.94 per litre.

Tags: petrolprice
Previous Post

PIA allowed direct flights to US for first time in history

Next Post

PM Imran directs for implementation of new Civil Servants retirement rules

Next Post
plane crash

PM Imran directs for implementation of new Civil Servants retirement rules

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

From tea shop to cricket franchise: The story of Zaid Alam

From tea shop to cricket franchise: The story of Zaid Alam

2 weeks ago
China

China builds hospital in 10 days for treatment of coronavirus patients

12 months ago

Popular News

  • Shahbaz Taseer just made a job offer to the Cafe Cannoli’s manager

    Shahbaz Taseer just made a job offer to the Cafe Cannoli’s manager

    102 shares
    Share 41 Tweet 26
  • Shaniera Akram challenges the Cannoli Cafe owners

    54 shares
    Share 22 Tweet 14
  • Sandal Khattak, Hareem Shah identity revealed

    1447 shares
    Share 607 Tweet 350
  • Couple sentenced to death, life imprisonment for sexually assaulting, filming 45 girls

    14 shares
    Share 6 Tweet 4
  • Eman Suleman and Nabila caught up in a feud

    12 shares
    Share 5 Tweet 3

Dialogue Pakistan

Citizen Journalism is the collection, dissemination and analysis of news by the people for the people especially by the means of internet. Dialogue Pakistan is the country's first citizen journalism portal to provide Pakistanis an opportunity to get themselves heard aiming to encourage citizen journalism inculcated with ethical values.

Category

  • Audio
  • Citizen Journalism
  • Documentaries
  • Feature Videos
  • Features
  • In House Videos
  • IN PICTURES
  • Lifestyle
  • Mobile Footage
  • New Catagory
  • News
  • News Roundup
  • Pakistan Super League
  • Photo Journalism
  • Press Conferences
  • Special Feature
  • Sports
  • Videos

Quick Links

  • About
  • Advertise
  • Careers
  • Contact

Follow us on

Download our APP

download on android app download on apple app
  • About
  • Advertise
  • Careers
  • Contact

Copyright © 2020. Dialogue Pakistan. All Rights Reserved.
Web Development & Social Media Management by Digital Otters

No Result
View All Result
  • Citizen Journalism
  • News
  • Videos
  • Features
  • In Pictures
  • Lifestyle
  • Urdu

Copyright © 2020. Dialogue Pakistan. All Rights Reserved.
Web Development & Social Media Management by Digital Otters