Islamabad: The federal government has reduced the price of petrol by Rs4.74 per litre.
According to the notification, the new price of petrol has come down to Rs268.36 per litre from Rs273.10 per litre. The high speed diesel has been decreased by Rs3.86 per litre to Rs270.22 per litre from its previous price of Rs274.08 per litre.
The new rates will be applicable from 12am on June 1.
In an earlier statement, the PMO notified a Rs15.39 and Rs7.88 per litre reduction in the prices of petrol and high speed diesel (HSD), respectively.
Meanwhile, Ogra has also cut the price of 11.8kg domestic LPG cylinder by 1.6pc, or Rs45.62 for June.
The rates of kerosene and light diesel oil (LDO) were also slashed by Rs1.87 and Rs3.88 per litre,
respectively, but the government did not announce their prices for unknown reasons.
In a notification, Ogra set the producer price of LPG at Rs193.30 per kg, down from Rs197.16 per kg.