Govt provides huge relief to masses: POL prices decreased

The government on Wednesday reduced fuel prices by Rs5 to 8 per litre for the next fortnight in line with the global market trend.

In a video address, Finance Minister Ishaq Dar said the price of petrol had been reduced by Rs8 per litre, whereas the price of high-speed diesel — the most inflationary item — and that of light diesel oil (LDO) was cut by Rs5 each. The rate of kerosene, however, has been left unchanged.

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It’s the second consecutive reduction in the price of petrol and the third for high-speed diesel.

The minister said the government had tried to create “as much room as possible to provide relief to the people” even though global oil prices didn’t change substantially and neither had the rupee appreciated against the dollar in the last 15 days.

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