ISLAMABAD:

The federal government has announced a reduction in petroleum product prices by up to Rs5.66 per litre for next 15 days, with the new rates taking effect from October 16, the Ministry of Finance said on Tuesday.

According to a notification issued by the Ministry of Finance on Wednesday, the price of petrol has been cut by Rs5.66 per litre, bringing it down from Rs268.68 to Rs263.02 per litre. The price of high-speed diesel (HSD) has been reduced by Rs1.39 per litre, from Rs276.81 to Rs275.42 per litre.

The price of kerosene oil has also been lowered by Rs3.26 per litre, from Rs184.97 to Rs181.71, while light diesel oil (LDO) has been reduced by Rs2.74 per litre, from Rs165.50 to Rs162.76 per litre.

The new prices will remain in effect until October 31, after which the next r

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