Govt decides to cut POL prices

ISLAMABAD: Following a global downturn in oil prices, the government has decided to cut petroleum prices for the month of August in a monthly review of prices.


According to details, price of petrol has been cut by Rs1.03 per liter, bringing new price to Rs 76.49.

The price of diesel per liter has been reduced to Rs84.52 after a decrease of Rs2.06.

Kerosene oil, used in houses to light and as a cooking fuel, saw reduction of Rs4.83, down from Rs64.94 at the start of July to Rs60.11 at the start of August.

New prices would be applicable from August 1, 2015.