BUSINESS

Petroleum Prices Reduced

Caretaker Minister for Energy Syed Ali Zafar has said that the Federal Government has decided to reduce petroleum prices to provide relief to the general public.

The price of petrol has been decreased by 4.26 rupees per litre, that of High Speed Diesel by 6.37 rupees per litre, Kerosene Oil by 3.36 rupees per litre and the price of Light Diesel Oil has been decreased by 5.54 rupees per litre.

The Minister said the caretaker government is fully aware of the problems being faced by the people and was determined to reduce their sufferings despite the financial constraints.

Syed Ali Zafar said the Government is confident that the relief in petroleum prices will not only provide much needed respite to the masses but also reduce the cost of production and give a boost to economic activity.