ISLAMABAD: The government on Saturday announced to reduce prices of all petroleum products by Rs 5 per litre. According to the announcement, the new price for petrol, to be effective from February 01, would be Rs 71.25 and the price of high speed diesel would be Rs 75.79 per litre. Similarly, high octane price would be Rs 75.66 per litre while that of kerosene oil and light diesel oil would be Rs 43.25 and Rs 39.94 per litre respectively for the month of February. In a statement, Finance Minister Ishaq Dar said that decrease of Rs 5 per litre had been approved by the prime minister. He said that in percentage terms, the decrease is from 6.2 percent for high speed diesel and HOBC to 11.1 percent for the light diesel oil. The minister stated the government had been passing on benefit of decrease in oil prices in the international market to the consumers in the country. He said the prices announced for the month of February were another manifestation of the government’s resolve to provide maximum relief to the general public.