Govt approves cut in petrol, hike in diesel price

Govt approves cut in petrol

ISLAMABAD: The Finance Ministry on Sunday approved a reduction in the price of petrol by Rs 4.65 per liter, while notifying a further hike in prices of other petroleum products.

Sources in the Ministry of Petroleum said the new prices would take effect at 12am on September 10. The new price of petrol after the decrease will be Rs 99.90 per liter, down from Rs 104.55 per liter. With an increase of Rs 3.39 per liter, diesel will now be sold for Rs 115.52 per liter. The price of Kerosene oil has been raised by Rs 1.85 per liter to Rs 104.6. High-octane will now cost Rs 136.46 per liter after a hike of Rs 3.27. – PT