POL products’ prices slashed by Rs 15 per litre

News Image

By MG News | March 25, 2020 at 01:57 PM GMT+05:00

0:00

March 25, 2020 (MLN): The reduction in prices of petroleum products by Rs 15 per litre to be effective from March 25, 2020 which would be financed through a reduction in Petroleum Development Levy (PDL) as per the statement of Ministry of Finance yesterday.

The new price of petrol is Rs 96.58 per litre after reducing from Rs 111.59.60 per litre. The price of High-Speed Diesel (HSD) has also been decreased to Rs 107.25 per litre from Rs 122.25 per litre. The price of Light Diesel Oil (LDO) has been lowered to Rs 62.51 per litre from Rs 77.51 per litre.

The price of Kerosene Oil (SKO) has been slashed from Rs 92.45 per litre to Rs 77.45 per litre as per the notification by Oil & Gas Regulatory Authority which only mentioned the new price of kerosene oil.

According to the research note by Al Habib Capital Markets, new prices would stay fixed for three months implying that in the current low international oil price scenario, However, the continuation of these prices beyond April 2020 would help the govt. to recoup these losses under PDL as international oil prices have fallen down further.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 125,627.31
258.99M
1.00%
1248.25
ALLSHR 78,584.71
1,142.41M
1.16%
904.89
KSE30 38,153.79
69.25M
0.63%
238.06
KMI30 184,886.50
91.38M
0.01%
13.72
KMIALLSHR 53,763.81
554.57M
0.54%
290.61
BKTi 31,921.68
33.15M
1.78%
557.94
OGTi 27,773.98
9.65M
-0.40%
-112.21
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 107,530.00 108,105.00
107,505.00
-705.00
-0.65%
BRENT CRUDE 66.45 66.63
66.34
-0.29
-0.43%
RICHARDS BAY COAL MONTHLY 97.00 97.00
97.00
1.05
1.09%
ROTTERDAM COAL MONTHLY 107.65 107.65
105.85
1.25
1.17%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 64.81 65.02
64.67
-0.30
-0.46%
SUGAR #11 WORLD 16.19 16.74
16.14
-0.52
-3.11%

Chart of the Day


Latest News
July 01, 2025 at 06:00 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


June 30, 2025 at 11:55 PM GMT+05:00

TRG: Dominos Tumbling for the Management



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg