{"id":30097,"date":"2023-11-30T18:49:15","date_gmt":"2023-11-30T18:49:15","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/no-change-in-petrol-price-but-diesel-rate-slashed-by-rs7\/"},"modified":"2023-11-30T18:49:15","modified_gmt":"2023-11-30T18:49:15","slug":"no-change-in-petrol-price-but-diesel-rate-slashed-by-rs7","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/no-change-in-petrol-price-but-diesel-rate-slashed-by-rs7\/","title":{"rendered":"No change in petrol price but diesel rate slashed by Rs7"},"content":{"rendered":"

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The caretaker government on Thursday retained the existing price of petrol at Rs 281.34 per litre but slashed the price of high-speed diesel (HSD) by Rs7 per litre for the next fortnight.<\/p>\n

According to a notification by the finance ministry, high-speed diesel will be available at Rs289.71 per litre from December 1. The prices of Kerosene and Light Diesel Oil were also decreased by Rs3.82 and Rs4.52.<\/p>\n

After the cut, Kerosene will be available at Rs201.16 per litre while Light Diesel Oil will be sold at Rs175.93.<\/p>\n

The development follows an IMF review and a global decline in oil prices.<\/p>\n

Global oil prices tumbled<\/a> midweek when Opec+ \u2014the Organisation of the Petroleum Exporting Countries (Opec) and allies including Russia \u2014 postponed to Nov 30 a ministerial meeting to iron out differences on production targets. Brent crude futures were down 37 cents, or 0.4pc, at $80.21 a barrel, while US West Texas Intermediate (WTI) crude futures lost 29 cents, or 0.4pc, to $75.25.<\/p>\n

Previously, the interim government had reduced the prices of all petroleum products by Rs2 to 9 per litre owing to lower prices in the international market.<\/p>\n

As a consequence, the ex-depot price of high-speed diesel (HSD) fell below Rs300 per litre after more than two months. As such, the ex-depot price of HSD was set at Rs296.71 per litre.<\/p>\n

Earlier, the ex-depot price of petrol was fixed at Rs281.34<\/a> per litre.<\/p>\n

Moreover, the International Monetary Fund (IMF) and Energy Ministry held talks to review the progress under the Petroleum Development Levy on petroleum products today.<\/p>\n

The government already has in place Rs60<\/a> per litre petroleum levy \u2014 the maximum permissible limit under the law. The government has set a budget target to collect Rs869bn as petroleum levy on petroleum products during the current fiscal year under the commitments made with the International Monetary Fund (IMF).<\/p>\n

The total PL collection crossed Rs222bn in the first quarter ending September, even though its per litre rates had increased slowly over the period on petrol and kept almost unchanged.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

The caretaker government on Thursday retained the existing price of petrol at Rs 281.34 per litre but slashed the price of high-speed diesel (HSD) by Rs7 per litre for the next fortnight. According to a notification by the finance ministry, high-speed diesel will be available at Rs289.71 per litre from December 1. The prices of […]<\/p>\n","protected":false},"author":2,"featured_media":30098,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/i.dawn.com\/large\/2023\/11\/30111629502eb68.jpg?r=112401","fifu_image_alt":"","footnotes":""},"categories":[10],"tags":[],"class_list":["post-30097","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pakistan"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t