In a significant move aimed at providing relief to the masses, the caretaker government of Pakistan has taken a bold step by slashing the prices of two of the most essential fuels – petrol and high-speed diesel (HSD).
A huge relief for the citizens
Effective from Sunday, the government reduced the price of petrol by an impressive Rs.40 per litre, while HSD witnessed a notable drop of Rs.15 per litre for the next fortnight.
Owing to the decreasing trend of Petroleum prices in the international market& due to appreciation of Pak Rupee against US dollar,the Govt has decided to revise the existing consumer prices of Petroleum Products #BreakingNews #news #RadioPakistan pic.twitter.com/5LPj6GvnV3
— Radio Pakistan (@RadioPakistan) October 15, 2023
The Ministry of Finance, in a recent notification, unveiled the new price structure with petrol costing Rs.283.38 and HSD priced at Rs.303.18. This reduction comes as a breath of fresh air for the citizens grappling with rising living costs, as it will significantly alleviate the burden of fuel expenses.
Also read: Is Pakistan Going To See A Potential Reduction In Petrol, Diesel Prices Soon?
The government attributes this price revision to the fluctuations in international petroleum product prices and the favorable changes in the exchange rate. This decision not only lightens the financial load on consumers but also underscores the government’s commitment to addressing economic concerns, especially during these challenging times.
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