The caretaker federal government has announced a slight cut in the price petrol while the price of high-speed diesel has been kept unchanged.
The price of petrol has been reduced by Rs. 8 per liter and the new price will be Rs. 259.34. The price of high-speed diesel will remain unchanged at Rs. 276.21 per liter.
At the last fortnightly review of petroleum prices, the government had kept the prices of both petrol and high-speed diesel unchanged.
The prices of petroleum prices in the country are largely dependent on international oil prices and the exchange rate. However, a major component in the current prices is the petroleum development levy.
The government is currently charging Rs. 60 levy on every liter of both petrol and high-speed diesel.
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