Islamabad: Finance Minister Ishaq Dar announced on Thursday that the price of petrol was being cut by Rs10 and diesel by Rs7.5.
In a televised address, he said: “At this moment, the prime minister wants that we should pass maximum relief to the public and we have been implementing that since Oct 30. According to our calculations, Rs10 will be decreased on petrol. High-speed diesel will be decreased by Rs7.5.
“Kerosene oil will now cost Rs181.38 after an Rs10 decrease and light diesel oil will be reduced by Rs10 as well,” he said.
The price cut will go into effect at midnight tonight.
The government had previously kept the prices of all petroleum products unchanged on Oct 15, Oct 30, and Nov 15.
Earlier on Nov 30, the price of kerosene oil was slashed by Rs10 while the price of light diesel oil was reduced by Rs7.5 per litre.
