Get the latest news and updates from Dawn
The federal government on Friday reduced petrol and diesel prices by Rs5, according to a notification issued by the Petroleum Division.
According to the notification, the revised prices will take effect from May 16.
Following the decrease, the price of petrol stands at Rs409.78 per litre and that of high-speed diesel at Rs409.58.
Petrol is mostly used in private transport, small vehicles, rickshaws and two-wheelers and has a direct bearing on the budget of the middle and lower-middle class. High-speed diesel is mainly used in the heavy transport sector and for large generators.
