Petrol price slashed by Rs8, diesel by Rs5.

ISLAMABAD -- The government reduced the price of petrol by Rs 8 per litre and the prices of the high-speed diesel (HSD) and the light diesel oil (LDO) by Rs5 for the next fortnight, an official announcement said on Wednesday.

Effective June 1, 2023 (today), the price of petrol would come down to Rs262 per litre from Rs270 per litre, registering a reduction of Rs8 per litre, the finance division said in a late-night statement.

Similarly, the HSD will now be sold at Rs253 per litre from the previous Rs258 per litre, and the LDO at Rs147.68 per litre, Rs5 down from the previous Rs152.68. According to the statement, there had been no change in the price of kerosene oil at Rs147.68 per litre.

The finance division said that government had decided to reduce the existing prices of petroleum products to provide relief to the consumers...