Petroleum prices’ fortnightly computation to be done today

The delay in the petroleum prices’ revision was owing to the countrywide anti-coronavirus Standard Operating Procedures (SOPs) introduced to contain the spread of the novel coronavirus and the Eid-ul-Fitr holidays.

OGRA Spokesman Imran Ghaznavi said in a brief press statement, “Due to lockdown and Eid holidays, it was decided that oil price computation will be done on May 17, 2021”.

As per routine, the government was scheduled to review the prices of petroleum products on Saturday night (May 15) for the next fortnight.

For the time being, the ex-depot price of high speed diesel (HSD) is Rs110.76 per litre and that of petrol is Rs108.56.

However, petroleum levy on petrol stands at Rs11.23 per litre while for HSD at Rs15.29.

The current levy on petrol is Rs 17.97 per liter while the current levy on diesel is Rs 18.36 per liter.

Earlier, the government reduced prices of petroleum products by Rs2.32 per liter that was effective from April 15, 2021 and slashed the price of HSD by Rs2.32 per liter and the price of petrol by Rs1.79 per liter.

The prices of kerosene was also reduced also reduced by Rs 2.06.