The government on Saturday reduced the prices of key petroleum fuel for the next fortnight up to the month of March.
The prices of aviation fuels both used by the civilian airliners and the military crafts have declined too.
With the reduction of Rs 1 the new price of petrol is Rs256.15 per litre.
How were the prices of high speed diesel (HSD) has been reduced by Rs 4 to Rs263.95 per litre.
The HSD is consumed by large vehicles including trucks, tractors and buses as well as the heavy generators.
The prices of kerosene oil and the Light Diesel Oil (LDO ) has also been redrupeesKerosene oil will be sold at Rs171.65 per litre with a reduction of Rs3.20 from February 16 to 28.
Kerosene oil is one of the declining fuels as it has largely been replaced by cylinders based Liquified Petroleum Gas (LPG).
Kerosene oil, that is commonly used by low-income households esecpaily in mountainous parts of the country where affording LPG is difficult.Currently the army was one of the largest consumers of kerosene oil as the troops station in remote cold including mountainous areas use it for cooking and heating.
While the new price of LDO is Rs155.81 per litre with a decline of Rs5.25. and you has limited usage in the country it is mainly consumed by some machinery and tubewells in agriculture areas.
The local prices are calculated considering current government taxes, the current pricing of Inland Freight Equalisation Margin (IFEM) and dollar exchange adjustment.
The prices of petroleum products have been reduced in line with fluctuation in global oil prices.
The Oil and Gas Regulatory Authority (OGRA) had proposed revision in the prices of petroleum products following fluctuations in the international oil market.
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