In an effort to provide economic relief, Pakistan’s caretaker administration has reduced petrol prices by Rs2.04 and high-speed diesel (HSD) rates by Rs6.47 per liter. This decision is a positive development for the general public, which has been dealing with the pressures of a difficult economic crisis since mid-2022.
The Oil and Gas Regulatory Authority (Ogra) recommended the price change, according to the Finance Division’s notice.
Petrol prices reduced by 2.04 and diesel price reduced by 6.47 rs per litre. pic.twitter.com/LoVDxdzOCA
— The Pakistan Daily (@ThePakDaily) November 15, 2023
The government’s amended petrol prices are now Rs281.34, down from Rs283.38, and Rs296.71, down from Rs303.18.
Petrol is commonly utilize in motorcycles and automobiles, especially in areas such as Punjab where compressed natural gas (CNG) supplies is restrict.
The price cut is going to bring some relief to consumers.
The price reduction from Rs303.18 to Rs296.71 is a welcome move for the agriculture and transportation industries, where HSD is a critical component. This modification may help to reduce inflationary pressures in these critical areas.
Kerosene oil, which is vital in remote areas during the winter, has also dropped in price from Rs211.03 to Rs204.98 per litre.
This reduction is anticipated to have an impact on different households and institutions, including the Pakistan Army, which is a big consumer of kerosene oil.
Furthermore, the price of light-diesel oil (LDO) reduced from Rs189.46 to Rs180.45 per litre, providing consumers with extra respite.
The government’s proactive steps to alter fuel prices are aim to address economic issues and have a positive impact on numerous sectors, indicating the government’s commitment to easing the financial burden on the public.
