ISLAMABAD: The prices of petrol and high-speed diesel (HSD) are dropped for the next fortnight, following a decline in prices globally.
Sources said petrol price was slashed by Rs14 per litre and HSD Rs13.50 per litre .
The HSD is a major source to energise the heavy vehicles like, trains, trucks, buses, tractors, agricultural engines, tubewells, and threshers. It also contributes to deciding the prices of vegetables, fruits and other commodities.
On November 31, the government had kept the petrol and HSD prices unchanged.
During the last two weeks, the prices of diesel at the global level reached $95 per barrel and prices of petrol remained between $81 and $86 per barrel. Likewise, price of crude oil in the Brent oil market remained at $74 per barrel.
The ex-refinery price of diesel is Rs179.69 paisa per litre and petrol price is Rs170.73 per litre.
