Pakistan slashes petrol price by PKR 14, high-speed diesel by PKR 13.5
Pakistan's caretaker government has reduced the rates of petrol and high-speed diesel (HSD) by PKR 14 and PKR 13.5 per litre respectively. The prices of kerosene oil and light-diesel oil were also reduced. The international prices of both oils had declined by almost five per cent, resulting in a drop in domestic prices. The State Bank reported an increase in foreign exchange reserves by $21 million. The government aims to collect over PKR 950 billion as petroleum levy by June.
