Islamabad: The government has decided to reduce the prices of petroleum products with immediate effect due to the improvement of economic situation in the country.
According to a spokesperson of PM office, Prime Minister Nawaz Sharif has ordered to pass on the benefit of economic stabilization and appreciation of rupee against dollar to masses.
The price of petrol was reduced by Rs1.72 (1.6 per cent) to Rs108.31 from Rs110.03 per litre and that of high speed diesel by Rs2.90 (2.5 per cent) to Rs113.85 from Rs116.75 per litre.
The price of kerosene, the poor people’s fuel which is mostly used in rural areas, was cut down by Rs5.61 (5.3 per cent) to Rs101.15 from 106.76 per litre.
Likewise, the price of light diesel oil was cut by Rs5.16 (5.1 per cent) to Rs95.06 from Rs100.22 per litre and that of high octane blending component by Rs4.66 (3.3 per cent) to Rs136.57 from Rs141.23 per litre.