ISLAMABAD: The government reduced on Tuesday prices of the petroleum products.

According to an official statement, the prime minister approved the reduction on the recommendation of the Oil and Gas Regulatory Authority.

The ex-depot price of petrol was reduced by Rs2.94 to Rs103.62 from Rs106.56 per litre.

The ex-depot price of high speed diesel was set at Rs107.39, down by 95 paisa, from Rs108.34 per litre.

The price of HOBC was cut by Rs1.88 to Rs131.13 from Rs133.01 per litre.

The price of light diesel oil was decreased by 67 paisa to Rs91.41 from Rs92.08 per litre.

The kerosene price was reduced by Rs1.31 to Rs95.68 from Rs96.99 per litre.

Apart from the petroleum levy of Rs6 to Rs14 per litre, the government charges 16 per cent general sales tax on all oil products.

Published in Dawn, October 1st , 2014