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The petrol price in the country has been slashed by Rs8.47 per litre for the next fortnight, the federal government announced, mainly due to a drop in fuel prices in the global market.
The federal government also reduced the price of high-speed diesel (HSD) from Rs272.77 per litre to Rs266.07 with a cut of Rs6.7.
The announcement was made in a statement issued by the Ministry of Information on Tuesday.
The fuel price cut comes as a major relief for the masses on the occasion of Independence Day, as the country gears up for the celebration of 77 years of independence tomorrow (August 14).