Pakistan Tehrik-e-Insaf (PTI) government announced to reduce the prices of petroleum products effective from September 1. Petrol price would be reduced by Rs 4.59 per liter with new price standing at Rs 113.24 per liter.
According to the notification issued by Ministry of Finance, the prices of high speed diesel, kerosene oil, and light diesel have be lowered by Rs7.67, Rs4.27, and Rs5.63 per liter, respectively. The new respective per-liter prices of high speed diesel, kerosene oil, and light diesel would be Rs Rs124.80, Rs99.57, and Rs91.89.
On the other hand, Compressed Natural Gas (CNG) price is Punjab has been slashed by Rs 4.40 per liter.
As per details, the new price of CNG will be effective from midnight or from September 1and in Punjab the fuel gas would be sold at Rs85.50 per liter.
The price cut down is due to the drop in RLNG price in international market. RLNG price for September will be worked to be around 10.0897 dollars per mmbtu.