OGRA cuts petrol price by Rs4.74 to Rs268.36 per litre

MG News | June 01, 2024 at 12:28 AM GMT+05:00

0:00

June 01, 2024 (MLN): The Oil and Gas Regulatory Authority (OGRA) has decided to reduce the price of petrol by Rs4.74 to Rs268.36 per litre, according to its website.

Earlier, Prime Minister Shehbaz Sharif had directed OGRA to cut the price by Rs15.4 per litre.

The decline is third in a row, taking the cumulative relief to Rs25.6 per litre.

Moreover, according to a notification issued by the Finance Division, the price of High-Speed Diesel (HSD) has been slashed by Rs3.86 to Rs270.22 per litre.

The new prices will remain in effect for the first half of June 2024, and are on the recommendations of OGRA based on the price variations in the international market.

The prices of petroleum products have seen a decreasing trend in the international market during the last fortnight, OGRA said.

To recall, in the last fortnight, the government slashed the price of petrol by Rs15.39 to Rs273.10 per litre.

Similarly, the price of High-Speed Diesel (HSD) was reduced by Rs7.88 to Rs274.08 per litre.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	167,085.58 225.68M	0.48% 802.03
ALLSHR	101,220.72 685.91M	0.47% 477.65
KSE30	50,772.02 134.57M	0.57% 290.16
KMI30	239,923.35 145.03M	0.77% 1831.31
KMIALLSHR	66,042.80 345.76M	0.65% 425.34
BKTi	45,106.39 29.18M	0.06% 24.91
OGTi	33,583.05 26.44M	1.52% 502.39

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	89,425.00	0.00 0.00	-175.00 -0.20%
BRENT CRUDE	63.86	64.09 63.06	0.60 0.95%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	0.10 0.11%
ROTTERDAM COAL MONTHLY	97.25	97.25 97.25	0.05 0.05%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	60.14	0.00 0.00	0.06 0.10%
SUGAR #11 WORLD	14.82	15.02 14.73	-0.06 -0.40%