Govt Announces Slight Cut in Prices of Petrol and Diesel, The federal government on Tuesday announced a reduction in the prices of petroleum products.
According to a notification issued by the finance ministry, the price of petrol has been decreased by Rs. 5.45 per liter to Rs. 288.49, while the price of high-speed diesel has been cut by Rs. 8.42 per liter to Rs. 281.96. The new prices will be applicable from May 1.
In a short statement, the finance ministry said that the prices of petroleum products have seen a decreasing trend in the international market during the last fortnight and the Oil & Gas Regulatory Authority (OGRA) has worked out the consumer prices, based on the price variations.
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At the last fortnightly review of petroleum prices, the price of petrol was increased by Rs. 4.53 per liter, while the price of high-speed diesel went up by Rs. 8.14 per liter.
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