ISLAMABAD: The government cut the prices of petrol and high-speed diesel (HSD) by about 1.7 per cent on Sunday for the next 15 days in order to pass on the impact of a slump in prices in the international market to the masses.
The revised prices will remain effective till Nov 30.
The decision was announced by the Ministry of Finance on the recommendations of the Oil and Gas Regulatory Authority (Ogra).
According to the decision, the ex-depot price of petrol will come down to Rs100.69 per liter from Rs102.40 — a reduction of Rs1.71 per liter or 1.67pc.
The product is mostly used in private transport, small vehicles, and two-wheelers.
Likewise, the ex-depot price of high speed diesel was set at Rs101.43 per liter — down by Rs1.79 per liter (1.73pc), from its existing rate of Rs103.22.
HSD is mostly used in heavy transport vehicles and agricultural engines like trucks, buses, tractors, tube-wells and threshers.