Addressing a press conference here in Islamabad today, the  finance minister announced to cut the prices of petrol and diesel by Rs 2 per litre, while gasoline price was reduced by Rs 3 per litre.

The new rates of the petroleum products will be enforced today midnight countrywide.

” Sales tax on the petroleum products has been reduced to 8 percent”, Asad Umar said.

The minister said, the government is utilizing all its available resources , to provide relief to the common man in present ‘crunch’ economic situation, the country passing through.

Mr. Umar while holding past rulers responsible for the exports drop, said due to wrong policies of PML-N government, the country’s economy is under heavy burden of ‘debt.’

“Prime minister’s prime focus is to steer country out of economic crises by boosting local exports”, the minister maintained.

Focusing on the dollar serge, he said, demand of dollar is high while its supply is low.