With an aim to provide relief to masses, the federal government has reduced the petrol price. As per the notification from finance division, petrol price in Pakistan has been decreased by Rs. 1.86 per liter, now costing Rs. 259.10 per liter.
Meanwhile high-speed diesel (HSD) has seen a reduction of Rs. 3.32 per liter, bringing its new price to Rs. 262.75 per liter. However, Kerosene oil price has been slashed by Rs. 2.15 per liter, making its new price Rs. 169.62 per liter.
Additionally, the price of light diesel oil has been lowered by Rs. 2.97 per liter, now priced at Rs. 154.05 per liter.
These new prices for petroleum products will be effective from midnight tonight. This reduction in prices is expected to provide some relief to the consumers, especially those who rely on these fuels for daily transportation and industrial purposes.
The Reason
The decision comes in response to global oil price trends and aims to balance the needs of the economy and the general public.
By lowering these prices, the government hopes to ease the financial burden on citizens, while also encouraging economic activity by making transportation and production more affordable. This change is part of the government’s ongoing efforts to manage fuel costs effectively and support the national economy.
