The government has made significant reductions to the price of fuel in Pakistan.
According to a notification issued on Sunday, prices for June 2020 were reduced as follows:
- Petrol by Rs. 7.06 per litre
- Kerosene by Rs 11.88 per litre
- Light diesel oil (LDO) by Rs 9.37 per litre
However, the price of diesel has been increased by 0.05 rupees.
It is worth mentioning that the government approved Oil and Gas Regulatory Authority (Ogra) recommended reduction in prices.
After this new approval, the petrol price has come down from current Rs81.58/litre to Rs74.52/litre, Kerosene price has come down to Rs35.56/ litre from current Rs47.44/litre and the LDO price has been reduced to Rs38.14/litre from current Rs47.51 litre.
Diesel price has been increased by Rs0.05/litre to Rs80.15/liter.
The government is charging 17% general sales tax (GST) on all petroleum products.
Apart from it, the government is also collecting petroleum levy (PL) on these products, which is taken directly from consumers.