Petrol may cost less than diesel: Dawn

By Sher Baz Khan

ISLAMABAD, Nov 24: The government is mulling over a proposal to make petrol cheaper than diesel to enable the country’s refineries to operate at their full capacity and save foreign exchange.

Industry sources told Dawn that the proposal had been forwarded to Prime Minister Yousuf Raza Gillani by the ministry of petroleum and natural resources.At present, petrol (premium motor gasoline) is being sold at Rs66.66 a litre and high speed diesel at Rs61.14.International crude oil prices have come down to $53 a barrel from a peak of $147 a barrel in July. But since refineries in the country are operating generally at half their capacity, the government has to spend foreign exchange on the import of refined petroleum products.

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