Pakistan, Sept. 29 -- The government on Monday decreased the price of petrol by Rs2.27 per litre and that of high-speed diesel (HSD) by Rs3.56 per litre.

Following the revision, petrol will retail at Rs389.03 per litre, while HSD will cost Rs404.97 per litre. The government continues to levy Rs114 per litre in taxes and duties on petrol and Rs100 per litre on diesel.

According to the Petroleum Division's notification, the new prices are applicable for Sept 29.

The price of HSD has come down from a peak of Rs520.35 recorded on April 3. Its price had started rising from Rs281 per litre after the US-Iran war broke out on February 28.

The petrol price had peaked at Rs458.41 on April 3 after beginning its upward trajectory from Rs266 in th...