Govt reduces petrol rates by Rs.7.06 from June

The federal government has scaled down the price of petrol by Rs7.06 per liter for the month of June in accordance with the plunge in worldwide crude oil prices because of virus-fuelled lockdowns. 

Following the notice issued by the finance ministry on Sunday, the price of petrol has descended from Rs81.58 to Rs74.52 per liter. 

However, the  govt regualator has slightly increases the price of high Speed Diesel (HSD) from Rs80.10 to Rs80.15 per liter, which is for the most part utilized in transport and agriculture sectors. 

The pitiful increase in the HSD price may have no effect on the inflation rate, which will directly profit people in general. With the beginning of yield reaping season, the interest for diesel has expanded, provoking the administration to lift the prohibition on imports. 

The cost of karosene oil has been sliced from Rs47.44 to Rs35.56 per liter. Lamp oil is utilized for cooking, particularly in remote where petroleum oil gas (LPG) or pipeline gas isn't accessible. The new costs will become effective from June 1.