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The government has announced a Rs10 per litre cut in the price of petrol owing to a drop in fuel rates in the international market during the past fortnight.
“The Oil and Gas regulatory Authority (Ogra) has worked out the consumer prices of petroleum products, based on the price variations in the international market,” a statement released by the Finance Division read.
The new price will be effective from midnight.
The latest change in petrol price comes as fourth consecutive price cut in two months.
This is a developing story and is being updated with more details