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Business

Government cuts prices of diesel, kerosene oil

Ishaq Dar Lhr 02-12

ISLAMABAD: The government Thursday announced slashed in the prices of high speed diesel, light diesel and kerosene oil for the next month.

Announcing reduction in prices at a news conference here, Finance Minister Ishaq Dar said the price of high speed diesel has been reduced by Rs3 to Rs80.79 from Rs83.79, light diesel by Rs8.29 to Rs44.94 from Rs53.23 rupees and kerosene oil by Rs8.7 from Rs56.32 to Rs48.25 rupees.

The finance minister said the prices of petrol and high octane are being maintained at the current level of 76.26 and 80.66 rupees respectively.

Dar said the government has also prepared a scheme for the filers and non-filers of tax returns and this will be presented in the National Assembly Friday.

Earlier, Prime Minister Nawaz Sharif announced to reject the summary initiated by the Oil and Gas Development Authority (OGRA) for increasing the price of petrol.

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