Tze Shehbaz Sharif-led government, in its first fortnightly review after coming into power, maintained the price of petrol for the next fortnight at Rs279.75 per litre.
In a statement, the Finance Division said the price of diesel had been slashed by Rs1.77 per litre, dropping it to Rs285.56 per litre.
The Finance Division added that the prices, which come into effect at 12am on March 16, will remain in place till March 31.
Sources within the ministry said the price of kerosene oil has been reduced to 188.86 per litre after a reduction of Rs1.35 per litre in its rate, while the price of light diesel oil has been reduced by Rs2.12 per litre.
