Govt may slash petrol price by Rs11 per litre from Dec 16: sources

Govt may slash petrol price by Rs11 per litre from Dec 16: sources

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The government may slash the price of petrol by Rs11 per litre from December 16. 

Industry sources revealed that diesel prices are expected to fall by 9 rupees per liter, adding that the government will finalize the price of petroleum products after raising or lowering the tax rate.

Recently, global crude oil prices have fallen.

The revised refined oil prices will be implemented on December 16.

On Nov 30, the government had announced to maintain the prices of petroleum products for the December 1-15 period in line with Prime Minister Imran Khan’s decision.

“The petrol price will remain unchanged at Rs145.82 per litre, and the price of diesel will remain Rs142.62 per litre as before,” the statement had said.

“The prices of kerosene oil and light diesel will stay at Rs116.53 and Rs114.07 per litre, respectively.”

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