ISLAMABAD: The government on Sunday reduced the price of petrol and increased that of diesel and kerosene with immediate effect for the next fortnight. It increased the rate of petroleum development levy (PDL) on all products to meet an outstanding pre-condition of the International Monetary Fund (IMF). According to an announcement by the finance ministry, the rate of petrol was cut by Rs3.05 per litre while the prices of high-speed diesel (HSD) and kerosene were jacked up by Rs8.95 and Rs4.62 per litre, respectively.

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