{"id":35924,"date":"2023-12-15T21:29:05","date_gmt":"2023-12-15T21:29:05","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/govt-slashes-petrol-by-rs14-high-speed-diesel-by-rs13-5\/"},"modified":"2023-12-15T21:29:05","modified_gmt":"2023-12-15T21:29:05","slug":"govt-slashes-petrol-by-rs14-high-speed-diesel-by-rs13-5","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/govt-slashes-petrol-by-rs14-high-speed-diesel-by-rs13-5\/","title":{"rendered":"Govt slashes petrol by Rs14, high-speed diesel by Rs13.5"},"content":{"rendered":"

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The caretaker government on Friday slashed the price of petrol by Rs14 per litre and that of high-speed diesel (HSD) by Rs13.5 per litre for the next fortnight.<\/p>\n

According to a notification from the Ministry of Finance, the new price of petrol is Rs267.34 and Rs276.21 for HSD.<\/p>\n

Meanwhile, the prices of kerosene oil and light-diesel oil were reduced by Rs10.14 and Rs11.29 per litre, respectively, to Rs191.02 and Rs164.64.<\/p>\n

Informed officials had previously said<\/a> the prices of major petroleum products were set to fall by over Rs10 per litre each on Dec 15 for the next fortnight mainly because of a decline in the international market.<\/p>\n

They had said the international prices of both HSD and petrol had declined over the past fortnight by almost five per cent while the rupee had also gained<\/a> marginally against the US dollar, resulting in a reasonable drop in domestic prices to the consumers.<\/p>\n

The State Bank reported the dollar had settled at Rs283.51 on Thursday after losing against the local currency. Dealers said the market stayed calm even though importers were facing a tough time getting their letters of credit opened.<\/p>\n

In a separate press release<\/a>, the State Bank of Pakistan had said its foreign exchange reserves increased by $21 million to $7.04bn during the week ended on Dec 8.<\/p>\n

The central bank has been buying dollars from the interbank market to maintain its reserves above the $7bn level. The International Monetary Fund (IMF) has been insisting on increasing the reserves but massive debt servicing slashes its reserves.<\/p>\n

Additionally, the government has already achieved Rs60 per litre petroleum levy \u2014 the maximum permissible limit under the law.<\/p>\n

It has set a budget target to collect Rs869bn as petroleum levy (PL) during FY24 made with the IMF but is now hoping the collection to go beyond Rs950bn by the end of June.<\/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 Friday slashed the price of petrol by Rs14 per litre and that of high-speed diesel (HSD) by Rs13.5 per litre for the next fortnight. According to a notification from the Ministry of Finance, the new price of petrol is Rs267.34 and Rs276.21 for HSD. Meanwhile, the prices of kerosene oil and […]<\/p>\n","protected":false},"author":2,"featured_media":35925,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"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\/12\/15153838a82a1d7.jpg?r=153856","fifu_image_alt":"","footnotes":""},"categories":[10],"tags":[],"class_list":["post-35924","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