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Finance Minister Ishaq Dar introduced on Wednesday that the value of petrol was being decreased by Rs8 and high-speed diesel (HSD) by Rs5 per litre for the subsequent fortnight.
The brand new costs of petrol and HSD are Rs262 and Rs253 per litre, respectively.
The value of sunshine diesel oil (LDO) was additionally slashed by Rs5 per litre to Rs147.68 whereas the value for kerosene oil remained unchanged at Rs164.07.
In a video tackle, he stated that there was no substantial change within the worldwide costs of petroleum merchandise within the final 15 days and neither had the rupee appreciated in opposition to the greenback.
“However the authorities tried to create as a lot room as attainable to offer reduction to the individuals,” the finance minister stated.
The cuts come on the heels of a earlier spherical of value reductions within the costs of petrol, HSD and LDO.
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