The government on Wednesday decided to decrease the prices of petrol and high-speed diesel (HSD) by Rs5 per litre from December 16 to provide relief to people.
According to a notification issued by the Finance Division, the new price of petrol will be Rs140.82 per litre against the previous price of Rs145.82 per litre.
The new price of HSD, which is majorly used by the agriculture and transport sectors, will be Rs137.62 per litre as against Rs142.62 per litre.
Kerosene will be sold at Rs109.53 per litre as against Rs116.53, while the new price of light diesel oil is fixed at Rs107.06 per litre against Rs114.07 per litre.
The rates have been reduced amid fluctuations in the prices of petroleum products in the international market.
According to the notification, the new prices will be effective from December 16.
The government had last jacked up the price of petrol in Pakistan by Rs8.03 per litre on November 5.