The government reduced on Wednesday prices of petrol, diesel and other petroleum products because of lower prices in the international market.
An official statement said the decision was taken by Prime Minister Nawaz Sharif in London where Finance Minister Ishaq Dar briefed him on recommendations of the Oil and Gas Regulatory Authority (Ogra).
The revised oil prices announced by Ogra suggested a meager 34 paisa per litre reduction in the price of petrol — Rs107.97 from Rs108.31.
The price of high speed diesel was cut by Rs4.51 per litre to Rs109.34, of kerosene by Rs3.08 to Rs98.07, light diesel oil by 93 paisa to Rs94 and high octane blending component by Rs1.94 to Rs133.08.
