According to an official statement issued on Saturday, the new prices will come into effect from Sunday, December 1, 2019. The Oil and Gas Regulatory Authority (Ogra) had recommended to reduce price of Light Diesel Oil (LDO) — an industrial fuel — around Rs2.9 per liter or 3.4 per cent. Apart from that, petroleum levy is also collected from consumers on the sale of these products. At present, the government is receiving Rs18 per litre in petroleum levy on diesel, Rs15 on petrol, Rs6 on kerosene oil and Rs3 on light diesel oil. The previous government of Pakistan Muslim League-Nawaz (PML-N) had collected petroleum levy in the range of Rs3 to Rs10 per litre.

Source: The Express Tribune November 30, 2019 18:11 UTC