Govt cuts petrol price by Rs 1.50 per litre

Govt cuts petrol price by Rs 1.50 per litre

ISLAMABAD: Federal government has revised the prices of the petroleum products for the next month.

Briefing media in Islamabad on Friday, Finance Minister Ishaq Dar said that the price of Petrol and High speed diesel has been reduced by 1.50 rupees per liter each.

The new price of petrol will be 71.30 rupees and High Speed Diesel 79.90 rupees effective from this mid night.

He said the prices of the Light diesel oil and Kerosene oil will remain intact at 44 rupees each.

The Finance Minister said that the revision has been made with the approval of the Prime Minister and the government will have to bear a loss of 2.4 billion rupees due to subsidy.

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