Finance Minister Senator Ishaq Dar Approve reduction in petrol Prices

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On the recommendation of the Finance Minister Senator Mohammad Ishaq Dar, the Prime Minister, Nawaz Sharif, has approved, reduction in the prices of petroleum products for the month of September 2014. The following will be the new prices of the POL products during the month;

Product	Present price w.e.f.1-8-2014	New Prices w.e.f.1-9-2014	Change in Price
MS(Petrol)	107.97	106.56	-1.41 (1.3%)
HOBC	134.63	133.01	-1.62 (1.2%)
Kerosene	97.05	96.99	-0.06 (0.1%)
High Speed Diesel (HSD)	109.34	108.34	-1.00 (0.9%)
Light Diesel Oil (LDO)	93.27	92.08	-1.19 (1.3%)

The Finance Minister has observed that the POL prices would have been further reduced, had not the rupee value depreciated, during the month of August, due to the ongoing political situation.

Sanie Khan

Sanie Khan holds a deep knowledge of the financial markets in Pakistan. Based in Karachi, he has over 20 years of hands-on management experience in financial technologies and managing operations in the financial sector. He was the General Manager at the Pakistan Stock Exchange (PSX) for 17 years. He along-with senior members of Exchange

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