Government of Pakistan has announced price cuts for petrol and diesel, we have checked.
According to details made available with ProPakistani, petrol prices were cut down by Rs. 1.50 per liter while diesel prices were also discounted by Rs. 1.50 per liter.
After cuts, new prices for petrol and diesel in Pakistan will be as following:
- Petrol: Rs. 71.30 per liter
- Hi-speed diesel: Rs. 79.90 liter
These new prices will be applicable from July 1st, 2017.
It must be noted that price cuts were introduces after oil prices in global markets fell notably.
It maybe recalled that Oil and Gas Regulatory Authority (OGRA) had recommended the federal government to bring down per litre petrol prices by Rs. 3.30 per liter.
Similarly, OGRA had recommended to cut per liter diesel cost by Rs. 2.70.