ISLAMABAD: The federal government has reduced the prices of all petroleum products, except petrol, by Rs5 to 10 per litre for the next fortnight ending May 15, ARY News reported on Sunday.
In a video address today, Finance Minister Ishaq Dar announced that the price of petrol would remain unchanged at Rs282 per litre while the price of high-speed diesel (HSD) was reduced by Rs5 per litre to Rs288.
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Meanwhile, the prices of light-diesel oil and kerosene were being reduced by Rs10 to Rs164.68 and 176.07 per litre, respectively.
Ishaq Dar said the finance ministry had tried its utmost to settle the matter of price changes in the nation’s favour after the recommendation from the Oil and Gas Regulatory Authority (OGRA).
Read More: Low-priced petrol scheme being worked out: Musadik Malik
In its last fortnight announcement, the federal government increased the price of petrol by Rs10 and the price of kerosene oil by Rs5.78 “in the wake of the increase in petroleum prices in the international market and exchange rate variations.”
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