The price reduction was recommended in a summary on weekly fuel price revision submitted by the Ministry of Petroleum and Natural Resources to the finance ministry on Saturday.
In this regard, a notification for the new price has been issued. The price of high-speed diesel (HSD), used mainly in transport vehicles and agriculture, has come down by Re 0.14 per litre from Rs 113.30 to Rs 113.16 per litre. Kerosene oil, used as fuel in remote areas where liquefied petroleum gas (LPG) is not available, received reduction of Re 0.40 per litre. After the reduction, kerosene oil will sell at Rs 101.23 per litre.
The price of light diesel oil (LDO), used for industrial purposes has also fallen by Re 0.95 per litre and reached to Rs 96.22 per litre from Rs 97.17 per litre. Similarly, the price of jet fuels JP-1, JP-4 and JP-8 have come down by Re 0.79, Re 0.18 and Re 0.79 per litre to Rs 90.42, Rs 82.50 and Rs 90.11 per litre respectively.
The new price of JP-1 would be Rs 90.42 per litre from Rs 91.21, the new price of JP-4 would be Rs 82.50 which was Rs 82.68. Similarly, after reduction the new price of JP-8 has come down to Rs 90.11 from Rs 90.90.
CNG prices
The price of compressed natural gas (CNG) will also come down. In region-I, comprising Balochistan and Khyber-Pakhtunkhwa, CNG will cost Rs 93.79 per kg, down Rs5.49 from the existing Rs 99.28 per kg. In region-II, which includes Sindh and Punjab , CNG price will fall by Rs5.02 to Rs85.68 per kg, down from Rs90.70 per kg at present.