ISLAMABAD: Caretaker Federal Minister for Energy Syed Ali Zafar announced to slash prices of petroleum products with effect from Sunday.
In a statement released on Saturday, the minister said that the federal government has decided to reduce petroleum prices in order to provide relief to the general public.
“Sales tax rates would be reduced from 17% to 12% for Motor Spirit and Kerosene Oil, from 31% to 24% on High-Speed Diesel, and from 17% to 9% on Light Diesel Oil,” the statement read.
New fuel prices :
Petrol – Rs95.24 per litre
High Speed Diseal – Rs112.94 per litre
Light Speed Diseal – Rs 75.37 per litre
Kerosene Oil – Rs83.96 per litre