ISLAMABAD: The government has announced a reduction in petroleum product prices for the next 15 days. According to the official notification issued by the Petroleum Division, the price of petrol has been reduced by Rs 2 per litre, bringing the new rate to Rs 263.45 per litre.
The price of high-speed diesel has also been cut by Rs 4.79 per litre, and the new price is Rs 279.65 per litre. The revised prices came into effect from midnight on Sunday and will remain in place for the next 15 days.
In Pakistan, fuel prices are changed every 15 days. The government reviews international oil prices and the value of the rupee before deciding new rates.
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Recently, oil prices in the global market have been somewhat stable, so the government was able to give a small relief. Petrol is mostly used in cars and bikes, while diesel is important for buses, trucks, and farming machines. Even a small change in fuel prices affects daily travel and the cost of transporting goods.
