Monday 1 October 2012

Quick Fuel Review

After continuous increase in petrol and Compressed Natural Gas (CNG) prices from two weeks, the government of Pakistan has finally provided relief to the people of Pakistan, reducing Rs 6 on petrol and Rs 5 on CNG.   
According to a notification issued by Oil and Gas Regulatory Authority (OGRA) on Sunday, the prices will go into effect at 12 midnight on October 1st.
After reduction of Rs 6, the new price of petrol is now Rs102.45 per litre. High Speed diesel has been reduced by Rs14 and now stands at Rs113.16 per litre.
Light diesel has been reduced by Rs0.95 and is now at Rs96.22 per litre. Kerosene was reduced by Rs0.40 and is now Rs109.23 per litre.
Following a cut in petrol prices, the price of compressed natural gas (CNG), pegged at 60% of petrol’s, have also come down.
In Region-I, comprising Balochistan and Khyber-Pakhtunkhwa, CNG will cost Rs93.79 per kg, down Rs5.49 from last week’s rate of Rs99.28 per kg. In Region-II, which includes Sindh and Punjab, CNG price has been slashed by Rs5.02 to Rs85.68 per kg from Rs90.70 per kg.

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