- Kerosene, LDO could be reduced by RS10 and RS7 per liter.
- The next bimonthly review is due on March 15.
- The final prices to be determined according to the fluctuation of world rates.
Karachi: The federal government should reduce prices of petroleum products to Rs14 during the next bimonthly review due on March 15, said the sources of oil companies that Geo News Wednesday.
Sources have indicated that the price of petrol should be reduced by RS14 per liter, while high -speed diesel (HSD) can see a reduction in RS8 per liter.
Similarly, the sources said that kerosene and light diesel oil could be reduced by RS10 and RS7 per liter, respectively.
However, the final price will be determined according to the fluctuations in world oil prices over the next three days, they said.
On February 28, the federal government reduced the price of gasoline by RE0.50 and that of the HSD by RS5.31 for the next fifteen ending on March 15.
Petrol is mainly used in private transport, small vehicles, ripe pousses and two-wheelers. The increase in fuel prices has a significant impact on the budgets of the members of the middle and lower classes, which mainly consume petrol for travel.
On the other hand, an important part of the transport sector is based on high -speed diesel.
Its price is considered to be inflationary because it is mainly used in heavy products transport vehicles, trucks, buses, trains and agricultural machines such as tractors, tube wells and batteries. The consumption of high -speed diesel contributes particularly to the increase in vegetable prices and other foods.