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PM announces Rs 6 cut in petrol prices

ISLAMABAD: Prime Minister Nawaz on Wednesday announced another significant reduction in rates of petroleum products, ARY News reported.

In his address to the parliament today, the PM said the rates of petrol had been reduced by Rs 6.26 per liter, followed by high octane blending component Rs 14.14, kerosene oil Rs 11, diesel Rs 7, high speed diesel Rs 7 and light diesel by Rs 10.

The notification in this regard has also been issued.

The new rates of petrol are now Rs 78.28 per liter, high octane Rs 92.13 , high speed diesel Rs 86 and kerosene oil Rs 71.26.

The new prices will take effect from January 1, 2015.

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