Fuel prices cut by up to Rs5.3 per litre
ISLAMABAD: The government on Friday reduced the prices of all petroleum products by up to Rs5.31 per litre with immediate effect for the next fortnight ending March 15. On the other hand, the Oil and Gas Regulatory Authority (Ogra) notified a decrease in the price of liquefied petroleum gas (LPG) by Rs6.15 per kg for March. In a late-night announcement, the Ministry of Finance said Ogra had reviewed and adjusted prices for petroleum products in view of the fluctuations in the international market. The ex-depot price of high-speed diesel (HSD) was decreased by Rs5.31 (2 per cent) to Rs258.64 per litre for the next fortnight from Rs263.95. Most of the transport sector runs on HSD. Its price is considered inflationary as it is mostly used in heavy transport vehicles like trains, trucks, buses, tractors, tube wells and threshers and particularly adds to the prices of vegetables and other eatables. Transport fares seldom come down despite lower diesel rates. The ex-depot petrol price...