Islamabad (Web Desk): The federal government has approved a massive Rs15.39 decrease in price of per litre petrol for the next fortnight.
According to the notification, the petrol price has been reduced from Rs288.49 to Rs273.10 per litre.
Moreover, price of high speed diesel has also been slashed by Rs7.88 per litre from Rs281.96 to Rs274.08.
The price of kerosene and light diesel oil has also been reduced, officials said. They added that kerosene price had been reduced by Rs8.74 per litre and the LDO by Rs5.63 paisa per litre. However, since these prices had been de-regulated, these were not mention in the ministry notification.
According to the notification, the new prices will be applicable from midnight Tuesday and remain valid for the next fortnight. In a statement, the ministry said that the prices of petroleum products had seen a decreasing trend in the international market during the last fortnight.
