ISLAMABAD: The federal government has announced a reduction in the petrol price by Rs6.17 per litre and high-speed diesel (HSD) by Rs10.86 for next fortnight.
According to the notification shared by the Finance Ministry, the decrease in prices of petroleum products came after a drop in oil rates in the global markets. The new prices will be effective from August 1, the notification added.
After Prime Minister Shehbaz Sharif’s approval, the petrol price was fixed at 269.43 with a reduction of Rs6.17 per litre. The new price of high-speed diesel (HSD) will be Rs272.77 from the existing rate of Rs283.63 per litre following a reduction of Rs10.86.
According to the notification, the kerosene price will be available at Rs177.39 after the reduction of Rs6.32 per litre. Subsequently, the light diesel oil (LDO) rate was decreased to Rs160.53 per litre as opposed to the current rate of Rs166.25 per litre following a cut of Rs5.72 per litre.
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