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ISLAMABAD: The caretaker government Saturday dropped the price of petrol for the next fortnight by Rs8, the first time in two-and-a-half-months.
The prices of the commodities last witnessed a decrease in mid-July when petrol was dropped by Rs9 per litre to Rs253 and diesel by Rs7 to Rs253.50.
The new rate of the petrol has been fixed at Rs323.38 per litre after decrease of Rs8. The new price for diesel is now fixed at Rs318.18 after reduction of Rs11 per litre.
The new rates will remain enforced for next fifteen days.
Read more: LPG prices increased by Rs 20.86 per kg
The Ministry of Finance, in a statement, said the decision to bring down the price of petroleum products was taken after the Pakistani rupee gained value and POL rates dropped globally.
“In the wake of variations in international prices of petroleum products and the improvement in the exchange rate, the Government of Pakistan has decided to revise the consumer prices of petroleum products,” the the ministry said.
