ISLAMABAD, MAY 16: The government on Friday slashed the price of petrol and high-speed diesel (HSD) by Rs5 per litre each for the next week. In a notification issued on Friday, the Petroleum Division said new fuel rates will come into effect from May 16. Following the decrease, the price of petrol stands at Rs409.78 per litre and HSD at Rs409.58. In the previous weekly review, the government raised the price of petrol by Rs14.92 per litre and HSD by Rs15. The government has been reviewing petroleum prices on aRead More