Fuel prices in Pakistan are likely to be reduced as the Petroleum Division has on Friday received a summary recommending reduction in the rates.
The government has decided to reduce the prices of petroleum products and provide relief to the weary people.
According to the details, the price of High Speed Diesel will presumably be lowered by Rs7.67, Light Diesel by Rs5.63, and Petrol by Rs4.59 and kerosene oil by Rs4.27.
The final decision will be made by finance ministry and the new prices will be implemented from September 1.
Earlier in July, the government had raised the prices of petroleum products.
A summary was sent by Oil and Gas Regulatory Authority (OGRA) to increase the prices of petroleum products.
According to the details, the government had increased the prices of petroleum products by dropping petrol bombs on the people.
The price of petrol was increased by Rs5 to 15 paisa by the government, after which the new price of petrol has increased by 117.83 paisa.
Diesel price was approved to increase by Rs5 to Rs65, after which the new price of diesel has been fixed at Rs13247 per liter.
The price of light diesel oil has been increased by Rs8 to 90 paisa per liter, while the new price of light diesel oil has been increased to 90.52 while the price of kerosene has been increased by Rs5 to 38 paisa per liter.