The government boosts the price of diesel by Rs3.37 per litre while lowering the price of gasoline by Re1.

The price of petrol has decreased while the price of high-speed diesel has increased, according to the government’s updated petroleum product prices.

The Petroleum Division has announced that the price of gasoline has been lowered by PKR 1 per litre, resulting in a new price of PKR 334.18 a litre.

In the meantime, high-speed diesel now costs PKR 386.83 per litre after a price hike of PKR 3.37 per litre.

The updated prices went into effect after midnight, according to the notification.

Following fruitful negotiations with the association’s delegation, Minister for Petroleum Ali Pervaiz Malik has established a high-level committee to handle the demands of the Oil Tanker Contractors Association (OTCA).

Within a week, the group, which will be led by the Special Secretary Petroleum, must present its recommendations.

The Oil Tanker Contractors Association (OTCA), the Oil Companies Advisory Council (OCAC), the Directorate General of Oil (DG Oil), and the Oil and Gas Regulatory Authority (OGRA) will all be represented.

Following a discussion between the petroleum minister and an OTCA delegation headed by President Abidullah Afridi, the development took place.

The group voiced concerns about the freight formula, the reduction in the White Oil Pipeline quota, and problems with commercial loading during the conference.