The caretaker government on Saturday decided to revise down the petroleum prices in light of directions from the Supreme Court to reconsider the matter of recent hike in petroleum prices.

The price of petrol has been decreased by Rs4.26 per litre, that of high-speed diesel by Rs6.37 per litre, kerosene oil by Rs3.36 per litre and the price of light diesel oil has been decreased by Rs5.54 per litre.

During the course of hearing on Thursday, relating to suo motu notice of the increase in petroleum prices, the apex court had directed the federal government to reconsider the matter in order to provide possible relief to the general public.

Meanwhile, Minister for Energy Syed Ali Zafar said in a statement that the federal government had decided to reduce petroleum prices in order to provide relief to the general public.

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