PR No.256 ECC Meeting Islamabad: January 30, 2016

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ALL PETROLEUM PRODUCTS TO BE CHEAPER BY RS 5 PER LITER IN FEBRUARY
The Government has announced the prices of petroleum products which would be effective from 1st of February 2016.

The details are as follows:
Product
Existing prices

(Rs. per liter)

w.e.f.

01-01-2016
New prices

(Rs per liter)

w.e.f.

01-02-2016
Decrease

MS (Petrol)
76.25
71.25
5.00 (6.6%)

High Speed Diesel
80.79
75.79
5.00 (6.2%)

HOBC
80.66
75.66
5.00 (6.2%)

Kerosene (SKO)
48.25
43.25
5.00 (10.4%)

Light Diesel Oil
44.94
39.94
5.00 (11.1%)

Finance Minister, Senator Mohammad Ishaq Dar has stated that decrease of Rs.5 per litre has been approved by the Prime Minister in the price of each product.

He added that in percentage terms the decrease is from 6.2% for High Speed Diesel and HOBC to 11.1% for Light Diesel Oil.

The Minister on this occasion also said that the Government has throughout been passing on benefit of decrease in oil prices in the international market to consumers in the country. He said the prices announced for the month of February are another manifestation of the Government’s resolve to provide maximum facilitation to the general public.

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