Chitral -- The new oil pricing formula was approved at a meeting of the Economic Coordination Committee in Islamabad on Thursday. According to the new formula there would be a decrease in the price of petrolem across the country except Chitral and Gilgit, where the the price will increase. Official calculations reveal that the price of HSD in Karachi will tumble by Rs1.84 per litre and petrol by Rs3.38. However, in Chitral, the price of HSD will increase by Rs2.88 and that of petrol by Rs1.5.--(CN report)