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 worth 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 deal with, he mentioned 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.
“But the government tried to create as much room as possible to provide relief to the people,” the finance minister mentioned.
The cuts come on the heels of a earlier spherical of value reductions within the costs of petrol, HSD and LDO.