The prices of petroleum products have been announced for the next 15 days

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The federal government has announced the new prices of petroleum products for the next 15 days.

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The price of petrol per liter has been reduced by 5 rupees 45 paisa, the price of petrol per liter has been fixed at 288 rupees 49 paise.

The price of diesel per liter has been reduced by 8 rupees 42 paise, the new price of diesel has been fixed at 281 rupees 96 paise per litre.

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The price of light diesel has been reduced by 5 rupees 63 paisa per liter, the price of kerosene oil has been reduced by 8 rupees 74 paisa per liter.

The new prices will be applicable from May 1 to May 15, the notification has been issued. On the other hand, imports of petroleum products have recorded a decrease of 8 percent on annual basis in the first 9 months of the current financial year.

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According to the statistics released by the Pakistan Bureau of Statistics, the foreign exchange spent on imports of petroleum products in the period from July to March 2023 was 12.084 billion dollars, which is 8% less compared to the same period of the previous fiscal year.

In the same period of the previous financial year, foreign exchange was spent on imports of petroleum products of 13.083 billion dollars, in March 2024, the volume of imports of petroleum products spent foreign exchange of 1.506 billion dollars, which is 25% more than March last year.

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In March last year, the volume of imports of petroleum products was recorded at 1.206 billion dollars. In comparison to February, the imports of petroleum products have increased by 21% on a monthly basis. In February, imports of petroleum products were 1.246 billion dollars. Foreign exchange was spent.