PAKISTAN CUTS PETROL AND DISEL PRICES

Oct 15 (Reuters) - Pakistan on Monday cut the prices of petrol and diesel owing to the decreasing trend of petroleum prices in the international market, the finance ministry said in a statement.

The price of petrol would drop by 40 Pakistani rupees ($0.144) to 283.38 rupees a liter effective October 16.

High-speed diesel cost would drop by 15 rupees to 303.18 rupees a liter.

($1 = 277.2000 Pakistani rupees)