Pakistan cuts petrol, diesel prices from Sunday: Reuters

ISLAMABAD, Nov 16 (Reuters) - Pakistan has cut petrol prices by 13 percent to give relief to consumers because of a decline in international oil prices, a government authority said.
Oil prices CLc1, which have tumbled more than 60 percent from a record level of $147 per barrel in July, settled down $1.20 at $57.04 on Friday.

Pakistan's latest cut brought the price of petrol to 66.66 rupees per litre from 76.66, the Oil and Gas Regulatory Authority said late on Saturday. The new prices will be applicable from Sunday.
The government also cut the price of diesel by 11.6 percent, or 7 rupees, to 53 rupees from 60 rupees.

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