ISLAMABAD: The federal government has reduced the price of high-speed diesel by Rs12.84 per litre while keeping the petrol price unchanged.
According to a statement issued by the Ministry of Finance, the price of high-speed diesel has come down to Rs272.99 per litre. Petrol will continue to be sold at Rs264.61 per litre.
Kerosene has been reduced by Rs7.19, bringing its new price to Rs178.27 per litre. Light diesel oil has also been cut by Rs8.20, now available at Rs162.37 per litre.
The new prices came into effect from midnight.
Earlier, on July 31, the government had reduced the petrol price by Rs7.54 per litre for the fortnight starting August 1, while the price of high-speed diesel was increased by Rs1.48 per litre.
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Recently, media reports suggested that based on international market trends and exchange rate fluctuations, petrol prices were expected to rise by Rs1.40 per litre, while diesel was likely to see a reduction of up to Rs11.50 per litre from August 16.
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