The Federal Minister for Finance Senator Mohammad Ishaq Dar announced the change in the prices of Petroleum products this evening. The new prices will be applicable from 1st of January 2016.
In order to provide relief to the public and to rationalize the prices, it was decided not to increase the price of Petrol, to maintain the price of HOBC and to pass on the price decrease in case of Kerosene, Light diesel oil and High speed diesel to the consumers. The new prices approved by the Prime Minister in consultation with the Finance Minister are:
Product | Existing prices w.e.f 1.12.2015 | Prices approved w.e.f1.1.2016 | Approved change in prices (Rs./litre) |
MS (Petrol) | 76.26 | 76.26 | Nil |
High Speed Diesel | 83.79 | 80.79 | -3.00. |
HOBC | 80.66 | 80.66 | Nil |
Kerosene | 56.32 | 48.25 | -8.0700 |
LDO | 53.23 | 44.94 | -8.29 |