ISLAMABAD (Dunya News) - The government on Tuesday slashed the fuel prices by up to Rs8.42 per litre for the next fortnight.
The petrol price has been decreased by Rs5.45 per litre and diesel by Rs8.42 per litre. The new prices have been implemented from May 1.
The Oil and Gas Regulatory Authority (Ogra) had forwarded the oil price summary to the Ministry of Petroleum, which was approved by the prime minister.
Also read: Petroleum prices likely to go down from May 1
Notably, global crude oil prices have been fluctuating over the past 15 days, with today's Brent oil market price at $88.50 per barrel.
This price adjustment follows a recent increase on April 16, where petrol price increased by Rs4.53 per litre and high-speed diesel rose by Rs8.14 per litre.