The federal government has decided to keep the price of petrol unchanged for the next fortnight.
However, the price of high-speed diesel has been cut by Rs. 2 per liter to Rs. 254.64. The price of petrol will remain at Rs. 252.63.
At the last fortnightly review of petroleum prices, the federal government cut the prices of both petrol and high-speed diesel by Rs. 2 per liter.
Moreover, the price of kerosene has been reduced by Rs. 5.04 to Rs. 164.65 per liter, while the price of light diesel oil has been cut from Rs. 155.33 to Rs. 150.65 per liter.
Previously during the Mid-April review of petroleum prices, the federal government decided to keep the prices of petrol and high-speed diesel unchanged despite a huge drop in international oil prices.
At the time, Prime Minister Shehbaz Sharif announced that instead of passing on the reduction in petroleum prices in the international market to consumers, the saved amount will be used for the dualization of the vital N-25 highway in Balochistan.
The same savings will be used to complete Phase 2 of the Kachhi Canal, which will irrigate hundreds of acres of land in Balochistan, he added.
Get the latest business news, market insights, and economic updates wherever you prefer.
Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.