In a promising development for the public ahead of Eid ul Adha festivities, the Pakistan government is gearing up to alleviate financial burdens by considering a noteworthy reduction in petrol and diesel prices. Anticipated to be as high as Rs12, this reduction is expected to provide much-needed relief to consumers across the country.
The drop in petrol prices can be attributed to the recent downward trend observed in the global market. With prices decreasing by $5.14 per barrel internationally, Pakistan stands to benefit from this shift, potentially witnessing a corresponding decrease of up to 12 rupees at the pumps.
Following this adjustment in global petrol prices, the current rate has stabilized at $89 per barrel. This stabilization indicates a favorable scenario for consumers in Pakistan, with the government poised to pass on the benefits of this global trend to its citizens.
The impending reduction in fuel prices aligns with the government’s commitment to easing the financial strain on the public, especially during festive seasons like Eid ul Adha 2024. As citizens prepare to celebrate, this announcement brings a glimmer of hope for reduced transportation costs and increased affordability for essential commodities.
