After petrol and diesel, the new price of kerosene oil has also been announced.
The federal government has issued a notification regarding the new prices of petroleum products. According to OGRA, the new prices will remain effective for one day, July 21.
According to the notification, the price of petrol has been reduced by Rs0.35 per litre, after which the new petrol price has become Rs315.80 per litre.
The price of diesel has been increased by Rs5.71 per litre, after which the new diesel price has become Rs360.06 per litre.
OGRA has also increased the price of kerosene oil by Rs5.93 per litre, taking the new kerosene oil price to Rs282.59 per litre.
Petroleum dealers support new daily fuel price system
Petroleum dealers have welcomed the government’s plan to introduce daily fuel prices on Monday. They have also announced their support for the new policy.
The announcement came during a meeting between Petroleum Minister Ali Pervaiz Malik and a delegation from the Pakistan Petroleum Dealers Association (PPDA). The two sides discussed the proposed changes to the petroleum pricing system.
The minister said the new daily fuel pricing system will be based on a seven day rolling average. He said the previous weekly system was also based on a seven-day average.
Ali Pervaiz Malik said the new system will make fuel pricing more transparent. He added that it will help prevent market manipulation and fuel hoarding.
He said the government will include the dealers’ suggestions while preparing the new rules.
The minister also said a meeting between the Pakistan Petroleum Dealers Association (PPDA) and OGRA will be held tomorrow to discuss dealers’ margins and other issues.
He said the government wants to build a transparent, competitive and consumer-friendly petroleum market. He also thanked the dealers for supporting the government’s reform plans.
Also read: OGRA announces new petrol, diesel prices in Pakistan today
