Federal Minister for Petroleum Ghulam Sarwar Khan has announced that the price of diesel would be reduced by Rs17.
Talking in a TV programme on Friday night, the petroleum minister said that his strategy was to bring the price of diesel at par with petrol.
Moreover, Sarwar added that natural gas and crude oil reserves had been found in Sanghar.
Sarwar also explained that the new government aims to speed up the work on the Turkmenistan-Afghanistan-Pakistan-India (TAPI) Pipeline, also known as the Trans-Afghanistan Pipeline.
The minister also announced that the agreements regarding the liquefied natural gas (LNG) imports would also be made public.
Earlier on August 1, the Finance Ministry had announced that petroleum prices would be maintained at existing levels for a month.
On the other hand, the Oil and Gas Regulatory Authority (OGRA) had requested to increase the rates due to increasing costs in the global market.
The notification had mentioned that the prices of petrol, diesel, kerosene, and light diesel were to remain at per-litre rates of Rs95.24, Rs112.94, Rs83.96, and Rs75.37, respectively.