The government is likely to reduce diesel and gasoline prices by Rs 15 and Rs 5 respectively from October 1, 2022 as POL rates are reduced in international markets. Industry sources said Tuesday.
The source revealed that POL discount will be implemented next week Based on estimates by oil industry experts.
They said the calculation of new price It will depend on oil rates in international markets until September 29.
“If the government chooses to keep the oil tax at the current level, POL prices will fall,” they added.
under agreement with International Monetary Fund (IMF) Government must keep PL on petroleum products.
According to a notice issued on September 1, the tax on gasoline is Rs 37.50 per liter and for diesel Rs 7.50 per liter.
The government increased the oil price from Rs.235.98 to Rs.237.43 on September 21, but the high speed diesel (HSD) price was kept at Rs 247.43.
The price of kerosene dropped 8.30 rupees from 210.32 rupees to 202.02 rupees, and the small diesel price decreased 4.26 rupees from 201.54 rupees to 197.28 rupees.