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Govt cuts petrol price by Rs1.86 per litre
Web Desk GTV
01 September, 2024 09:36
The federal government has cut the price of petrol by Rs1.86 per litre for the next 15-day after approval from Prime Minister Shehbaz Sharif.
The new fuel prices will be effective from today, according to an official statement.
It said the petrol price has been reduced from Rs260.96 per litre to Rs259.10 per litre.
| Products | Existing price | New price | Increase/Decrease |
| Petrol | 269.96 | 259.10 | -1.86 |
| High Speed Diesel (HSD) | 266.07 | 262.75 | -3.32 |
The government also reduced price of high-speed diesel (HSD) from Rs266.07 per litre to Rs262.75 after a cut of Rs3.32.
Meanwhile, the kerosene oil and light diesel oil prices were also cut by Rs2.15 and Rs2.97, taking it to Rs169.62 per litre and Rs154.05 per litre, respectively.
The cut in petroleum products prices is the third in a row as the government reduced petrol price by Rs16.5 since July 30.
In the last fortnightly review, prices of petrol and diesel were reduced by Rs8.47 per litre and Rs6.70 per litre, respectively.
Petrol is mainly used in private transportation, small vehicles, rickshaws, and two-wheelers. Higher fuel prices has impacted the budgets of the people from the middle and lower-middle classes.
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