ISLAMABAD, OCT 15 /DNA/ – The government has announced a massive cut in petroleum prices. Petrol price has been reduced by Rs 40 per liter while diesel price is reduced by Rs 15. New Prices: Petrol Rs 283. 80 Diesel: Rs 303.18. Likewise kerosene oil is reduced by Rs 22.43 while price of the light diesel is reduced by Rs 19 per liter. Levy of diesel has been increased by Rs 5 while levy on petrol will remain the same i.e. Rs 60 per liter. The profit margins of oilRead More