The price of petroleum items would be going down, the administration declared.
The Ministry of Finance announced on Wednesday night that the price of gasoline has dropped by Rs. 2 to Rs. 281.34 paise per litre and the price of diesel has dropped by Rs. 4.47 to Rs. 296.71 per litre.
In contrast, the price of light diesel has decreased by Rs9.01 to Rs180.45 per liter and that of kerosene by Rs6.05 to Rs204.98 per litre.
|Products||Existing price||New price||Decrease|
|High Speed Diesel (HSD)||303.18||296.71||Rs6.47|
|Light diesel oil||Rs192.86||Rs180.45||Rs9.01|
The new rates will take effect at midnight on November 16 and stay in effect through November 30.
All petroleum products are subject to nil general sales tax (GST) under the interim administration, whereas the rate of petroleum levy (PL) on gasoline and diesel is Rs60 per litre.