Govt Slash Prices of Petroleum Products

ISLAMABAD: Federal Minister for Energy Syed Ali Zafar announced to slash prices of petroleum products with effect from tonight.

Petroleum Products Prices from 8th July

Petrol – Rs95.24 per litre

High Speed Diseal – Rs112.94 per litre

Light Speed Diseal – Rs 75.37 per litre

Kerosene Oil – Rs83.96 per litre

In a statement released, the minister said that the federal government has decided to reduce petroleum prices in order to provide relief to the general public.

“Sales tax rates would be reduced from 17% to 12% for Motor Spirit and Kerosene Oil, from 31% to 24% on High-Speed Diesel, and from 17% to 9% on Light Diesel Oil,” the statement read.