ISLAMABAD: The federal government on Saturday slashed the price of petrol by Rs1.86 per litre for the next fortnight in line with a downward trend in the international market. The new fuel prices will be effective from September 1, according to an official statement.
The statement said the petrol price has been reduced from Rs260.96 per litre to Rs259.10 per litre.
The government also reduced the price of high-speed diesel (HSD) from Rs266.07 per litre to Rs262.75 per litre after a cut of Rs3.32. The relief in petroleum products prices is the third in a row, with the government reducing petrol price by Rs16.5 per litre since July 30. In the previous fortnightly review, the government had reduced the prices of petrol and diesel by Rs8.47 per litre and Rs6.70 per litre, respectively.
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