Consumers may get some relief as the petroleum division has recommend a reduction in prices of fuel by up to Rs5 per litre, sources privy to the development told The Express Tribune on Monday.
The government had increased prices of petroleum products during the last several months. Now, the prices are likely to come down for the next fortnight effective from September 1 to 15.
The petroleum division sources said a summary in this regard has been sent to the Ministry of Energy.
Prices of petrol and high-speed diesel (HSD) have been recommended to reduce by Rs3.50 per litre and Rs5 per litre respectively, as per the official summary.
The price of light diesel oil (LDO) has been recommended to cut by Rs2 per litre and a nominal reduction of Re1 has been suggested in Kerosene oil price.
The sources said the petroleum divison had prepared a summary of price reduction in accordance with the existing sales tax and petroleum levy.
