ISLAMABAD: The government
slashed the prices of petrol and
high speed diesel by Rs5 per litre
on Wednesday in an effort to pro-
vide relief to the people.
Shortly before the announcement
was made, Special Assistant to the
Prime Minister for Political Com-
munication Dr Shahbaz Gill had
taken to Twitter to say that the
public would soon receive “good
news” about petrol prices.
According to a handout issued by
the Finance Division, the govern-
ment decided to revise existing
prices “in view of the declining
price trend of petroleum products
in global market[s] and [to] trans-
form the impact to the masses”.
The new prices will be effective
from Dec 16 (Thursday).
According to the notification, the
new price of petrol is Rs140.82 per
litre while high speed diesel will sell
for Rs137.62 down from Rs145.82
and Rs142.62, respectively. Mean-
while, the prices of kerosene and
light diesel oil (LDO) were de-
creased by Rs7 and Rs7.01 per litre,
respectively. The new price of kero-
sene is Rs109.53 per litre and that
of LDO is Rs107.06 per
