Islamabad: The government has approved petrol and high-speed diesel at Rs 5 a liter.
According to GNN, the finance ministry has approved a summary sent by OGRA to reduce the prices of petroleum products. After approval, the price of petrol has been reduced by Rs 5 per liter, diesel price by Rs 5, light diesel oil by Rs 7 and kerosene by Rs 7 per liter. The new price of petrol will be Rs 111.60, high speed diesel Rs 122, light speed diesel Rs 77 and kerosene Rs 92 per liter. The new pricing will apply from 12pm tonight.
It may be recalled that OGRA had sent a summary to the Petroleum Division for reduction of petroleum products prices, which recommended that the price of petroleum products be reduced by 7 paise 23 paise from 1st March.