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Cut in POL prices from Sep 1 likely

Islamabad, August 29 (Online): The government is likely to reduce prices of petroleum products from September 1.

According to sources, prices of petrol will be cut by Rs 2.60 per liter, high speed diesel 3.46 per liter, kerosene oil Rs 3 per liter, light diesel 2.80 per liter and high octane Rs 4.50 per liter.

The final approval for reduction in prices of petroleum products would be given by the Prime Minister Nawaz Sharif.