ISLAMABAD: The government has decided to reduce petrol and diesel prices across the country by Rs1.5 and Rs3 per litre respectively, Finance Minister Hammad Azhar said Wednesday.

This was stated by the Finance Minister while addressing a press conference after chairing a meeting of the Economic Coordination Committee (ECC) in Islamabad.

The new prices will be effective from April 1. The Oil and Gas Regulatory Authority (OGRA) sent a summary to the Petroleum Division for revision of fuel prices for the month of April. It recommended a Rs1.50 per litre cut in petrol price and a Rs 2.50 per litre decrease in diesel.

A liter of petrol is currently being sold for Rs111.90 in Pakistan. NNI