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Petrol, diesel prices to be reduced from January 1
Post the change, to be effective from 1 January, a litre of petrol will cost Rs 59.35 (including state taxes) in Delhi while diesel will cost Rs 45.03 per litre.
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The premier during his address at a launching ceremony of the National Health Programme on Thursday announced to keep the prices of petrol unchanged, rejecting the proposed summary of OGRA to increase the price by Rs 2.17 per litre.
Similarly price of kerosene oil has been reduced from Rs. 56.32 per litre to Rs. 48.25 per litre thus reducing the price of the product by Rs. 8.07 per litre.
He said the new prices have been approved by the Prime Minister in consultation with the Finance Minister in order to pass on the price reduction in the global markets to domestic consumers.
Prices were last cut by 50 paise in the case of petrol and 46 paise in the case of diesel on December 16.
The state-owned oil marketing companies today reduced the retail selling price of petrol by Re.
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Since Pakistan imports petrol, local price fell to Rs 76.26/litre from Rs 84.53/litre while diesel came down to Rs 84 per litre from Rs 94 per litre.