Under the new auto policy approved by the government, the price of petrol vehicles is expected to be reduced by up to Rs 1 million due to the reduction in federal excise duty and customs duty.

According to the documents, the price of a locally manufactured petrol vehicle up to 658 cc will be reduced by Rs 375,000, after which the price will come down from Rs 32,20,000 to Rs 28,45,000.

A locally manufactured petrol vehicle up to 998 cc will be cheaper by Rs 440,000, the price will come down from Rs 42,70,000 to Rs 38,30,000.

According to the documents, the price of petrol SUVs up to 1496 cc will be reduced by Rs 740,000, after which the price will be reduced from Rs 60,060,000 to Rs 53,020,000. The price of petrol SUVs up to 1498 cc will be reduced by Rs 280,000 to Rs 91,060,000.

The current price is Rs 94,040,000. The documents further state that the price of locally manufactured petrol jeeps up to 1598 cc will be reduced by Rs 10,000, after which the price will be reduced from Rs 12,10,000 to Rs 11,10,000.