ISLAMABAD (Kashmir English): The federal government has slashed petrol price in Pakistan by Rs7.54 for the next fortnight, effective August 1, the Finance Division said on Thursday.
In a notification, the Finance Division said that after the decrease, the petrol price has been lowered to Rs264.61 per litre.
Meanwhile, the rate of diesel was increased by Rs1.48 per litre, pushing the price of the petroleum product to Rs285.83 per litre, the notification added.
The decision was taken following a review of prevailing international market trends and upon the recommendations of Oil and Gas Regulatory Authority and relevant ministries, a statement from the division said.
