IslamabadRs114 of every litre of petrol goes to the state.
Pakistan cut petrol Rs2.71 to Rs392.66 a litre for 14 October, and diesel just Rs0.03.
Petrol peaked at Rs458.41 on 3 April after the US-Iran war began on 28 February, and diesel at Rs520.35.
The Oil and Gas Regulatory Authority reprices fuel daily, and austerity measures halve official-vehicle fuel for 3 months.
How each outlet framed it
- Dawn
- emphasizes that taxes and duties still make up Rs114 of the petrol price, so the Rs2.71 cut is small against the levy
Sources: Dawn