The federal government reduced the prices of petroleum products Wednesday by up to Rs8 per litre.
The decision was announced by Finance Minister Ishaq Dar in a televised address. The price of petrol has been reduced to Rs262 per litre after a cut of Rs8. Meanwhile, the new price of diesel will be Rs253 per litre after being reduced by Rs5.
The prices will come into effect at 12am tonight and will remain unchanged for the next fortnight.
Dar said that cumulatively, the prices of petrol and diesel were reduced by Rs20 and Rs35 per litre, respectively, in May
