ISLAMABAD: The government announced on Saturday the new prices of petroleum products from February and decided to reduce prices of all products by Rs5 per liter.
According to the announcement, the new price for petrol to be effective from Feb 01, would be Rs71.25 and the price of High Speed Diesel would be Rs75.79 per liter.
Similarly, High Octane price would be Rs75.66 per liter while that of Kerosene Oil and Light Diesel Oil would be Rs43.25 and Rs39.94 per liter respectively for the month of February.
In a statement issued here, the Finance Minister Senator Mohammad Ishaq Dar said that decrease of Rs5 per liter had been approved by the prime minister in the price of each product.
He said that in percentage terms the decrease is from 6.2 percent for High Speed Diesel and HOBC to 11.1 percent for Light Diesel Oil.
The minister also stated the government had throughout been passing on benefit of decrease in oil prices in the international market to consumers in the country.
He said the prices announced for the month of February were another manifestation of the government’s resolve to provide maximum relief and facilitation to the general public.