ISLAMABAD: The government on Saturday reduced the price of petrol by Rs5 per litre to provide relief to the consumers.
According to a press release issued by the Ministry of Finance, petrol would now be sold at Rs111.6 per litre with effect from March 1 against Rs116.6 per litre during February.
“The government is committed to extending relief to the public whenever fiscal space becomes available,” the statement added.
It said that the price of high-speed diesel (HSD) has also been reduced by Rs5 per litre form Rs127.26 per litre to Rs122.26 per litre.
Likewise, the rate of kerosene (SKO) has been reduced by Rs7 per litre from Rs99.45 per litre to Rs92.45 per litre, whereas that of light diesel oil has been lowered from Rs84.51 per litre to Rs77.51 per litre, a decrease of Rs7 per litre.