Govt reduces petrol price by Rs8 per litre 

Govt reduces petrol price by Rs8 per litre 

Islamabad (Web Desk/Agencies): The government on Wednesday reduced petrol price by Rs8 for the next 15 days.

Announcing the new petroleum prices, Federal Minister for Finance and Revenue, Mohammad Ishaq Dar said petrol prices were reduced by Rs12 on May 15 and was now further reduced by Rs8.

Petrol would be now available at Rs262 per liter, with effective from June 1st against its sale at Rs270 per liter during last fortnight.

The minister said the prices of various petroleum products were reduced despite the fact that there was no big change in rates of the commodities in international market nor was there any improvement in rupee against US dollar.

However, he said government made efforts to make some space for providing relief to the people.

The price of high speed diesel has been reduced by Rs5 per liter, from Rs258 to Rs253, he said adding that prices of this product was reduced Rs30 on May 15, hence bringing the total reduction to Rs35 in a month.

Likewise, the price of light diesel oil has been reduced by Rs5, which would now be sold at Rs147.68 per liter against its sale at Rs152.68. However, prices of kerosene oil have been kept unchanged at Rs164.07.