ISLAMABAD:
The government decided on Saturday to pass only a partial price relief on to consumers of petrol and diesel, in line with the previous policy.
Despite a change at the helm of affairs, Prime Minister Shahid Khaqan Abbasi continued the policy of former premier Nawaz Sharif and approved only half of the price reduction proposed by the regulator for petrol and high-speed diesel.
The remaining is being absorbed by increasing the rates of sales tax on the two petroleum products.
Earlier, the government failed to notify new prices for August as there was no cabinet in place following the disqualification of premier Sharif by the Supreme Court in the Panama Papers case.