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ISLAMABAD: The government on Friday cut the prices of petrol and diesel by Rs6-7 per litre each with immediate effect for the week ending May 29 owing to lower global prices during the last week.
As such, the ex-depot price of high-speed diesel (HSD) was fixed at Rs402.78 per litre for next week instead of Rs409.58 at present, down by 1.2 per cent or Rs6.80 per litre.
The diesel price has come down from a peak of Rs520.35 recorded on April 10. HSD is considered the most inflationary item given its maximum use in freight transportation.
Likewise, the ex-depot rate of petrol was set at Rs403.78 per litre for the next week against Rs409.78 at present, showing a decrease of Rs6 or 1.2pc.
