Fourth consecutive reduction: Petrol price slashed by Rs10 per litre, diesel by Rs13.06

ISLAMABAD: The government has announced a Rs10 per litre cut in the price of petrol and Rs13.06 per litre in HSD price owing to a drop in fuel rates in the international market during the past fortnight. This is the fourth consecutive reduction in petrol prices.

“The Oil and Gas regulatory Authority (Ogra) has worked out the consumer prices of petroleum products, based on the price variations in the international market,” a statement released by the Finance Division read.

The new price will be effective from midnight. The latest change in petrol price comes as the fourth consecutive price cut in two months. In the previous fortnight, the federal government had slashed the price of petrol by Rs1.86 per litre, from Rs260.96 to Rs259.10 per litre. The government had also reduced the price of high-speed diesel (HSD) from Rs266.07 per litre to Rs262.75 after a cut of Rs3.32.