ISLAMABAD: The government on Thursday reduced the price of petrol by Rs0.50 per litre and high-speed diesel (HSD) by Rs0.19 per litre for August 28.
Petrol will now cost Rs342.60 per litre, down from Rs343.10, while HSD will sell at Rs371.61 per litre, down from Rs371.80, according to a notification issued by the Petroleum Division.
The Oil and Gas Regulatory Authority revised the ex-depot prices under the government’s daily petroleum pricing mechanism. The new rates apply for one day.
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The government continues to levy Rs114 per litre in taxes and duties on petrol and Rs100 per litre on diesel.
The reduction follows a rise of Rs1.12 in petrol and Rs1.11 in HSD for August 26-27. Fuel prices have been set daily since mid-July amid volatility in international oil markets linked to tensions in the Middle East.
Kerosene oil and light diesel oil prices remain unchanged.
