ISLAMABAD – Federal government on Monday announced a significant reduction in the rate of High Speed Diesel (HSD) while keeping the price of petrol unchanged for fortnight starting from December 16 to 31.
According to Petroleum Division, the price of HSD has reduced by Rs 14 per litre from Rs 279.65 to Rs 265.65 per litre while keeping the price of petrol at Rs 263.45 per litre
Data compiled by Arif Habib Limited shows that the average international price of gas oil (diesel) dropped by 7.8% to $81.40 per barrel in the first half of December, compared to $88.27 per barrel in the previous period. Meanwhile, the average price of gasoline (petrol) edged down to $75.20 per barrel.
The rupee remained largely stable against the US dollar, averaging 280.59 during the same period.ends
