Govt maintains petrol price while slashing HSD by Rs1.77 per litre for the next fortnight

The government on Friday announced to maintain petrol prices while slashing High-Speed Diesel (HSD) by Rs1.77 per litre for the next fortnight!

With the new reduction of Rs 1.77 per litre, the price of HSD [high-speed diesel oil] comes down from Rs287.33 per litre to Rs285.56 per litre.

This Shehbaz Sharif-led government, first-fortnight petroleum products review after coming into power after the February 8 general election.

The Finance Division in a notification issued late Friday night said the price of diesel had been slashed by Rs1.77 per litre, dropping it to Rs285.56 per litre.

The Finance Division added that the prices, which come into effect at 12 am on March 16, will remain in place till March 31.

Meanwhile, the sources within the ministry said the price of kerosene oil has been reduced to 188.86 per litre after a reduction of Rs1.35 per litre in its rate.

Meanwhile the price of light diesel oil has been reduced by Rs2.12 per litre.