Govt announces cut in POL prices

ISLAMABAD: Prime Minister Nawaz Sharif has announced significant reduction in the prices of POL products. In a statement, he said petrol prices are being reduced by Rs8.48 a litre from tomorrow.

Prices of High Speed Diesel have been lowered by Rs4.67 a litre and that of Light Diesel Oil by Rs1.97 a litre. Prices of hi-octane have been reduced by Rs2.98 a litre while recommendation of OGRA for increase of Rs1.66 a litre in the price of kerosene oil has been rejected.

Announced the reduction in prices, the prime minister said the government had passed on reduction in oil prices in the international market to people of Pakistan. The prime minister said it was his desire to lessen burden of taxes on people.

Radio Pakistan