Notification Issued for Revision of Petroleum Product Prices
Islamabad (Qudrat Daily) — OGRA has announced a revision in the prices of petroleum products. According to a notification issued by the Petroleum Division, the price of petrol has been reduced by 66 paisas, while the price of High-Speed Diesel (HSD) has been increased by 52 paisas per litre.
The new price of petrol has been fixed at Rs 398.30, and the price of High-Speed Diesel at Rs 396.24.
The new prices will take effect from 12 midnight tonight.
Meanwhile, on Friday, the last trading day of the week, crude oil prices declined in international markets, while gold, silver, and most agricultural commodities generally showed an upward trend.
According to a Bloomberg report, futures contracts for US West Texas Intermediate (WTI) crude settled at $90.22 per barrel after a decline of $1.27, while Brent crude contracts stood at $102.78 per barrel after a decrease of $1.50.
On the other hand, the price of gold recorded an increase of $65.62, reaching $4,198.12 per ounce. Similarly, silver rose by $1.45 to reach $60.68 per ounce.
The agricultural commodities market also showed a bullish trend. The price of corn rose by $2.25 to $502.50 per bushel, while wheat increased by $2.75 to $686 per bushel.
According to the report, cotton prices recorded an increase of 0.78 percent, while live cattle prices decreased by $0.22 per unit.
