Pakistani public takes a deep sigh of relief as Prime Minister Shahbaz Sharif has approved a significant reduction in fuel prices. The new prices, effective from midnight, reflect the government’s commitment to pass on the benefits of falling global oil prices to the public.
Latest Petrol Price in Pakistan May 2024
The price of petrol sees a substantial cut of 15 rupees 39 paise, bringing the new price to 273 rupees 10 paise per liter. This move expected to ease the burden on the common man and stimulate economic activity.
Diesel Price in Pakistan
High-speed diesel isn’t far behind, with a price reduction of 7 rupees 88 paise per liter. The revised price stands at 274 rupees 8 paise per liter, a move that is likely to bring cheer to the transport sector.
Updated Light Diesel and Kerosene Oil Prices in Pakistan
Light diesel oil and kerosene oil have also become cheaper. Light diesel oil will now cost 161 rupees 17 paise per liter, cheaper by 7 rupees 54 paise. Kerosene oil sees a price cut of 9 rupees 86 paise, bringing its new price to 173 rupees 48 paise per liter.
The Oil and Gas Regulatory Authority (OGRA) proposed these reductions, which swiftly approved by the Prime Minister. The Ministry of Finance has issued a notification confirming the new prices. This move seen as a step towards making life easier for the public amidst rising inflation.
The government’s decision to reduce fuel prices is a welcome move that expected to bring economic relief to the public. As global oil prices continue to fall, the public reaps the benefits through these reduced fuel prices.
