ISLAMABAD:

The federal government on Friday slashed the price of high-speed diesel (HSD) by Rs12.84 per litre, while keeping the price of petrol unchanged for the next fortnight.

Following the revision, the price of HSD has been brought down to Rs272.99 per litre from the previous Rs285.83 per litre. However, the price of petrol remains unchanged at Rs264.61 per litre.

In a statement issued by the Finance Division, the new petroleum prices—based on recommendations from the Oil and Gas Regulatory Authority (OGRA) and relevant ministries—will take effect from August 16 for next 15 days.

The government has also announced a reduction in the prices of other petroleum products.

The price of superior kerosene oil has been cut by Rs7.19, bringing it down from Rs185.46 to Rs178.27 per litre, while light diesel oil has seen a decrease of Rs8.20, reducing it from Rs170.36 to Rs162.37 per litre.