The federal government on Wednesday issued new prices for petroleum products, where it reduced petrol rates by Rs 1.55 for the next 15 days.
The development comes as Finance Minister Hamad Azhar announced the government’s decision to reduce petrol and diesel prices.
“This decision is not related to the ECC [meeting that took place] “But we have taken the first decision after consulting the prime minister. We will reduce petrol and diesel prices,” Azhar told a news conference.
“Petrol price will be reduced by Rs 1.5 per liter while diesel price will be reduced by Rs 3 per liter. We have taken this decision because now, we have some leeway due to the change in prices in the international market. ۔ ” They said.
The new rates are as follows:
|Product||Current price||New price (wef from 01-04-2021)||Increase and decrease|
|High speed diesel||116.08||113.08||-3.00|
|Light diesel oil||81.42||79.86||-1.56|