Pakistan reduces diesel prices, hikes petrol

The Pakistan government hiked the prices of petrol and compressed natural gas (CNG) but reduced diesel rates Monday, just days after protests in neighbour India where diesel tariff saw a sharp Rs.5 hike.

The price of high speed diesel and light diesel were reduced by Rs.1.75 and 14 paisa respectively, reported Dawn.

The government Sunday, however, decided to increase the prices of petrol and Compressed Natural Gas (CNG).

Petrol price has been raised by Rs.6.82. Also, the price of high octane and kerosene oil has been raised by Rs.1.5 and 62 paisa respectively.

The petrol price is now Rs.106.72.

India’s opposition parties and some allies of the ruling United Progressive Alliance are upset over the hike in diesel prices and have demanded a rollback.