Prime Minister Muhammad Nawaz Sharif has approved, reduction in the prices of petroleum products

August 31, 2014

On the recommendation of the Finance Minister Senator Mohammad Ishaq Dar, the Prime Minister, Nawaz Sharif, has approved, reduction in the prices of petroleum products for the month of September 2014. The following will be the new prices of the POL products during the month;

Product

Present price
w.e.f.1-8-2014

New Prices w.e.f.1-9-2014

Change in Price

MS(Petrol)

107.97

106.56

-1.41 (1.3%)

HOBC

134.63

133.01

-1.62 (1.2%)

Kerosene

97.05

96.99

-0.06 (0.1%)

High Speed Diesel (HSD)

109.34

108.34

-1.00 (0.9%)

Light Diesel Oil (LDO)

93.27

92.08

-1.19 (1.3%)

The Finance Minister has observed that the POL prices would have been further reduced, had not the rupee value depreciated, during the month of August, due to the ongoing political situation.