The federal government has made a major reduction in petroleum products’ prices between Rs15 to Rs30 for May,
Petrol price has been reduced up to Rs15 as the new rate will be Rs81.58 from May 1.
Earlier on Wednesday, the Oil and Gas Regulatory Authority had put forth a proposal to reduce prices of petroleum products up to Rs44 per litre for the month of May-2020 in the country.
According to the details, Oil and Gas Regulatory Authority has recommended Rs20.68 per litre cut in the price of petrol, diesel Rs33.94 per litre, light diesel Rs24.57 per litre and kerosene oil by Rs44.07 per litre.
The summary for the revision of petroleum price for the month of May had been sent to the Ministry of Petroleum and after the prime minister’s approval.