Business
Pakistan saw a three-day drop in the price of petrol and diesel.
Government has announced a slight drop in fuel and high-speed diesel (HSD) prices, citing volatility in international oil markets and other relevant considerations.
Under the amended rates, the price of petrol has been decreased by Re0.58 per litre and high-speed diesel by Re0.17 per litre.
The price of petrol has been reduced to Rs 342.02 per litre from the earlier rate while the price of high-speed diesel has been kept at Rs 371.44 per litre after the cut.
The revised fuel rates will be applicable from midnight and will remain in force till August 31, according to a notification published by the government.
The government analyses petroleum prices in the light of changes in worldwide prices of crude oil, exchange-rate movements and other pertinent considerations.
The current increase comes as the global oil market remains volatile, with changes in international petroleum prices impacting local fuel prices.