Dec 15, 2021: Keeping in view the declining price trend in the international market, the federal government on Wednesday reduced the prices of all petroleum products with effect from December 16 for the next fortnight.

“The government has decided to revise the existing prices of petroleum products in view of the declining price trend of petroleum products in global market and transform the impact to the masses,” said a press statement issued by the finance ministry.

Accordingly, the price of petrol has been reduced by Rs5 per litre, which would be now sold at Rs140.82 against its sale at Rs145.82.

Likewise, the price of high-speed diesel has been cut by Rs5 per litre, from Rs142.62 to 137.62 per litre whereas the prices of kerosene oil have been decreased by Rs7 per litre, from Rs116.53 to Rs109.53.

The government decreased the prices of light diesel oil by Rs7.01 per litre which would be now sold at Rs107.06 against its sale at Rs114.07 per litre.

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