Petrol Price Reduced by Rs.1.86/Litre in Pakistan

Jawad

31 Aug 2024

177

Petrol Price Reduced by Rs.1.86/Litre in Pakistan

Government Reduces Fuel Prices to Provide Relief

In a bid to alleviate financial pressure on the public, the federal government has announced a significant reduction in fuel prices. According to the latest notification from the finance division, the Petrol Prices in Pakistan has been decreased by Rs. 1.86 per liter, bringing it down to Rs. 259.10 per liter.

Diesel and Kerosene Oil Price Cuts

High-speed diesel (HSD) has also seen a substantial reduction of Rs. 3.32 per liter, setting the new price at Rs. 262.75 per liter. Similarly, kerosene oil has been lowered by Rs. 2.15 per liter, now priced at Rs. 169.62 per liter. These reductions are expected to provide relief to both consumers and businesses that rely heavily on these fuels for daily operations.

Light Diesel Oil Price Adjustment

The government has also decreased the price of Light Speed Diesel (LSD) by Rs. 2.97 per liter, bringing it down to Rs. 154.05 per liter. This adjustment will benefit various sectors, including agriculture and transportation, where light diesel oil is extensively used.

Petroleum Type	Old Price	New Price	Difference
Petrol	PKR 260.96	PKR 259.10	-1.86
High Speed Diesel (HSD)	PKR 266.07	PKR 262.75	-3.32
Light Speed Diesel (LSD)	PKR 157.02	PKR 154.05	-2.97
Kerosene Oil	PKR 171.77	PKR 169.62	-2.15

Effective Date and Expected Impact

These new prices will be effective starting September 1, 2024. The reduction in fuel costs is expected to ease the financial burden on consumers, particularly those who depend on these fuels for transportation and industrial purposes.

Reason Behind the Price Reduction

The decision to lower fuel prices aligns with global oil market trends and is part of the government’s ongoing efforts to manage fuel costs. By making transportation and production more affordable, the government aims to stimulate economic activity and support the overall economy.

Pakistan fuel prices Petrol price Pakistan Diesel price Pakistan Current fuel rates Pakistan Pakistan petrol diesel prices Latest fuel prices Pakistan Petrol diesel rates Pakistan Pakistan fuel cost update Pakistan petrol diesel rates today Fuel price change Pakistan

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