Notification Issued for Reduction in Petroleum Product Prices
Islamabad (Qudrat Daily): OGRA has announced a reduction in the prices of petroleum products. According to the notification issued by the Petroleum Division, the price of petrol has been reduced by Rs 5.16 while diesel has been made cheaper by Rs 7.69 per litre.
The new price of petrol has been fixed at Rs 381.14 and the price of high-speed diesel at Rs 389.27.
The new prices will take effect from 12 midnight tonight.
Meanwhile, in the international market on Monday, crude oil prices declined, gold and silver increased, and agricultural commodities showed a mixed trend. According to a Bloomberg report, US West Texas Intermediate futures fell $1.50 to $99.91 per barrel, while Brent North Sea crude settled down $2.01 at $107.85 per barrel.
The price of gold rose $17.30 to $4,182.88 per ounce, while silver increased by $0.59 to $57.90 per ounce.
Among agricultural commodities, corn fell $0.75 to $473.50 per bushel, while wheat rose $3.50 to $664 per bushel. Cotton recorded an increase of $0.44, while livestock rose $1.10 to $228.35 per unit.
