In a significant move aimed at easing the financial burden on citizens, Pakistan’s interim government has announced a noteworthy reduction in the prices of petrol, high-speed diesel (HSD), kerosene oil, and light diesel oil for the upcoming fortnight.
The Finance Division recently issued a notification confirming the adjustments, revealing that the price of petrol will now stand at Rs 267.34, reflecting a substantial reduction of Rs 14. Similarly, the cost of high-speed diesel (HSD) sees a significant drop to Rs 276.21, marking a decrease of Rs 13.50.
Kerosene oil users will also benefit from this latest development, with its price now set at Rs 191.02, down by Rs 10.14. Light diesel oil consumers will experience relief as well, as the new price stands at Rs 164.64, reflecting a reduction of Rs 11.29.
| Fuel Type | New Prices (Rs) | Difference (Rs) |
|---|---|---|
| Petrol | 267.34 | -14.00 |
| High-Speed Diesel (HSD) | 276.21 | -13.50 |
| Kerosene oil | 191.02 | -10.14 |
| Light diesel oil | 164.64 | -11.29 |
This move comes in response to the dynamic changes in global oil prices and the commendable appreciation of the local currency. The government’s decision to pass on these reductions to the public underscores its commitment to providing financial respite amidst economic fluctuations.
The positive impact of these adjustments is expected to ripple across various sectors, bringing relief to consumers, businesses, and transportation services alike. As Pakistan anticipates a smoother ride in the weeks ahead, citizens can look forward to more stability in fuel prices, fostering an environment of economic ease.
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