Relief expected in petrol and diesel prices

Government has announced plans to provide relief to the consumers of petrol and diesel. A considerable decrease in prices of petrol and diesel are expected for June. The price deduction follows rate increases over the past many months. After the approval of Prime Minister Nawaz Sharif, new petroleum prices will come into effect from June 1, 2017.

Although, the government is expected to push up prices of light diesel oil and kerosene oil, which is used by the poor of the society to a greater extent, but reports of its mixing with diesel are doing rounds in the market. The Oil and Gas Regulatory Authority (Ogra) has prepared its suggestions for monthly reviewing in petroleum product prices and forwarded them to the Ministry of Petroleum and Natural Resources. According to OGRA’s calculations, prices of petrol and high-speed diesel should be reduced by Rs 2.3 and Rs 3.2 per liter respectively. However,

prices of light diesel oil and kerosene oil should be jacked up by Rs 9.5 and Rs 13.60 per liter according to the recommendations.

If approved the price fall will bring down the price of petrol from the current Rs 74 to Rs 71.70 per liter. Similarly, a reduction of Rs 3.2 per liter in diesel price will take its price to Rs 79.80 per liter from the current Rs 83. The price of kerosene oil is also proposed to be increased by Rs 13.60 to Rs 57.60 per liter compared to the existing Rs 44 and the price of light diesel oil is likely to go up by Rs 9.5 to Rs 53.50 per liter from the current Rs 44.

News of the day

15 minutes Read 96 views


September 10, 2018

Youth Engagement Fellowship is the new buzz of the town. This 6-week fellowship program helps you seek guidance…

View All
10 minutes Read 263 views

Shoppingum – Biggest Platform for Online Shopping in...

August 28, 2018

The Concept of Online Shopping in Pakistan is spreading as fire in forest. The reasons behind it, is…

View All
9 minutes Read 161 views

Sprite Presents Idea Croron Ka Season 3! BANG!

August 28, 2018

Here’s sharing an amazing news from the entrepreneurial ecosystem. A show that received a lot criticism in its…

View All
5 minutes Read 145 views


August 27, 2018

Press Release

CSC Empowerment and Inclusion Programme (CEIP) works towards bringing about economic empowerment to deprived communities that have…

View All
10 minutes Read 115 views

Pakistan’s Biggest Entrepreneurial Event Create Ripples Across Pakistan

August 24, 2018

Pakistan’s most celebrated entrepreneurial event, Superior Entrepreneurial Expo 2018, culminated last week on Saturday, 11th of August, 2018…

View All

Latest Videos

1 minute Read 478 views

Saad Mahmood, The Technology Guy

March 13, 2018

Saad Mahmood is currently working at Microsoft.He is Microsoft Most Valuable Professional (MVP) and loves technology. Saad has…

View All
1 minute Read 411 views

Saad Mahmood’s Perspective About Women Empowerment !!

March 8, 2018

Saad Mahmood is currently working at Microsoft.He is Microsoft Most Valuable Professional (MVP) and loves technology. Saad has…

View All
Less than a minute Read 758 views

CEO VizRah, Mohammad Adeel Javed, talking about Vizrah...

August 20, 2017

We asked Adeel Javed about his initiative VizRah and how he aims to positively impact the society through…

View All
Less than a minute Read 1,368 views

Yellow Plate Restaurant introducing fast food with unique...

August 10, 2017

Our team visited Yellow plate restaurant at Shah Jamal market Lahore to tantalize our taste buds. The Owner…

View All
Less than a minute Read 851 views

Views of Khuram Bukhari (Co-Founder Ravvish) about Life,...

August 10, 2017

We conducted a written dialogue about life and success with Co-Founder Ravvish, Khuram Bukhari

View All