Petrol, diesel prices reduces with approval of new prime minister

ISLAMABAD: The government has announced reduction in petroleum prices to be applicable from August 06, 2017. Finance Minister Senator Mohammad Ishaq Dar on Saturday announced price of petrol will be decreased by Rs.1.80/ litre and price of diesel will be decreased by Rs.2.50/ litre.
The new prices will be Rs. 69.50/litre for petrol and Rs. 77.40/ liter for diesel (HSD).
The Finance Minister said that rates of Kerosene Oil and LDO will not be increased even though substantial increase has been recommended in their prices. He said considering the low income consumers using these products it has been decided to maintain their prices at the current level (i.e. Rs. 44 per liter).
The minister added that the decision to revise the prices for the month of August could not be taken on July 31, 2017 as there was no Federal Cabinet on that date. The prices during the first five days of August, therefore continued at the level prevalent in July 2017.
The new prices will be effective from 06.08.2017 to 31.08.2017.

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