Government has announced reduction in the prices of petroleum products for next fortnight.

Announcing the prices on Saturday night, Finance Minister Ishaq Dar said that nine rupee per liter reduction has been made in petrol prices, while High Speed Diesel will witness seven-rupee slash.

After the new rates, petrol’s price will be 253 rupees per liter instead of 262 rupees, while High Speed Diesel price will be 253.50 rupees per liter instead of 260.50 rupees.

Ishaq Dar further said that the prices of Petroleum Development Levy will remain unchanged.

The new prices will be effective from midnight tonight [Saturday].

Source: Radio Pakistan