Finance Minister Miftah Ismail on Sunday announced a reduction in the price of petrol by Rs 3.05 per litre and a hike of Rs8.95 in the price of diesel. 'The government is able to decrease the price of petrol by Rs 3.05 per litre,' he tweeted. 'The price of diesel has however gone up by Rs 8.95.' He said that the new prices will be effective from midnight tonight. The price of Kerosene was similarly increased by Rs4.62 per litre while that of light diesel oil (LDO) was reduced by Rs0.12 per litre.

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