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Petrol prices slashed by Rs5 per litre 

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ISLAMABAD – As a substitute of offering the complete reduction of decreasing worldwide oil costs, the federal government has determined to cut back the costs of petroleum merchandise by Rs 5 per litre every for Petrol and HSD for the final fortnightly of December.

“The federal government has determined to revise the prevailing costs of petroleum merchandise in view of the declining value pattern of petroleum merchandise in world market and rework the affect to the plenty,” stated a notification issued by the Finance Division right here. The brand new costs efficient from sixteenth December, 2021 to thirty first December 2021.

As per the notification, the costs of Petrol and Excessive Velocity Diesel has been decreased by Rs 5 per litre every. The worth of Kerosene (SKO) has been decreased by Rs 7 per litre, whereas for Mild Diesel Oil (LDO) it has been decreased by RS 7.01 per litre. 

The OGRA had beneficial a lower of as much as Rs 10.77 per litre within the value of MS Petrol, nonetheless, the federal government has lower it solely by Rs 5 per litre. As a substitute of passing on the complete reduction of downing worldwide oil costs, the federal government has elevated GST on Petrol by Rs 4.07 per litre from Rs 2.34 per litre (1.63%) to Rs 6.41 (4.77%). Equally, supplier margin on petrol was elevated by Rs 0.99 per litre, whereas OMC margin was elevated by Rs 0.71 per litre.

On HSD additionally OGRA had beneficial discount of round Rs 7.73 per litre. Nevertheless, the federal government has decreased it solely by Rs 5 per litre and adjusted the remaining in GST and Petroleum Margin. Normal Gross sales Tax has been elevated by Rs 1.19 per litre from Rs 10.49 per litre (7.37%) to Rs 11.68 per litre (9.08%).

After the lower the value MS petrol will lower to Rs. 140.82 from the present Rs 145.82 per litre. HSD value will go all the way down to Rs. 137.62 per liter from the prevailing Rs 142.62 per litre. Kerosene (SKO) will lower to Rs. 109.53 per liter from the prevailing Rs 116.53 per litre. Mild diesel oil will go all the way down to Rs. 107.06 per liter from the present Rs 114.07 per litre.

Petrol prices come down by Rs5/liter

 





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