Pakistan
announced a revision in fuel costs on Wednesday, slightly reducing the price of
petrol while increasing the rate for high-speed diesel (HSD).
According to
the Petroleum Division’s notification, the price of petrol dropped by Re0.94,
bringing the new retail price to Rs324.98 per liter, whereas HSD rose by Re0.54
to reach Rs382.79 per liter.
These
adjustments take effect on Thursday even as the government continues to collect
Rs114 in taxes and duties per liter of petrol and Rs...