ISLAMABAD: Government slashed price of petrol by Rs 5.45 per litre for next fortnight. Prime Minister Shehbaz Sharif has approved reduction in fuel price.

According to notification issued by Finance Ministry, petrol will be available at Rs 288.49 per litre from May 1 following reduction of Rs 5.45.

Meanwhile, diesel price is reduced by Rs 8.42 per litre, light-speed diesel (LSD) by Rs 5.63 per litre and kerosene oil has been reduced by Rs 8.74 per litre and light-speed diesel (LSD) by Rs 5.63 per litre.

Earlier in day, it was reported petrol and diesel prices are likely to go down in upcoming fortnightly review as global oil prices continue their downward trend.

Brent crude futures dipped 10 cents, or 0.11 percent to $ 88.30 a barrel while US West Texas Intermediate crude futures slipped 13 cents, or 0.16 percent to $ 82.50 a barrel.

Published in The Daily National Courier, May, 01 2024

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