The Pakistan government has slashed prices of petrol and diesel by Rs5 per litre, according to a notification issued by the Petroleum Division.
Under the revised rates, the price of petrol has been cut to Rs409.78 per litre, while high-speed diesel will now cost Rs409.58 per litre.
The new prices came into effect following the issuance of the official notification by the Petroleum Division.
Officials said the adjustment was part of the government’s periodic review of petroleum product prices in line with market conditions.
Meanwhile, India has increased export duties on petrol, diesel and aviation fuel a day after raising domestic fuel prices for the first time since the start of the US-Israeli war on Iran began on February 28.
The duty on petrol exports has been set at 3 rupees per litre (3.5 US cents), while diesel exports will face a levy of 16.5 rupees per litre ($0.20). Export duties on aviation fuel have been fixed at 16 rupees per litre ($0.20).
Officials said the government reviews the rates every two weeks, adjusting them based on average international prices of crude oil, petrol, diesel and aviation turbine fuel since the previous assessment.
