Govt drops petrol bomb ahead of Eid

Before Eidul Fitr, the federal government announced a Rs9.66 per litre hike in petrol price for the next fortnight, 24NewsHD TV channel reports.

The new price of petrol is Rs289.41 per litre and according to the finance ministry, it would go into effect on April 1. The price of high-speed diesel (HSD) has dropped by Rs3.32 and the new rate is Rs282.24 per litre.

The government said the changes were due to a rise in petrol prices and a decrease in HSD prices in the international market, and the change was in line with the government’s policy of passing on price variations in the international market to the domestic market.