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Caretaker govt cuts petrol price by Rs4.26

ISLAMABAD: In order to provide some relief to people, the caretaker government has reduced prices of petroleum products by lowering the general sales tax on them. The government has reduced the GST from 17 per cent to 12 per cent on motor spirit and kerosene oil, from 31 per cent to 24 on high-speed diesel and from 17 per cent to 9 per cent on light speed diesel. After being reduced by Rs4.26 per litre, petrol is being retailed at Rs95.24 per litre. The price of high-speed diesel has been reduced by Rs6.37 per litre to…