Prime Minister Shehbaz Sharif has approved a reduction in fuel prices, which was announced just before Pakistan's Independence Day on August 14, 2024.
The government has lowered the petrol price by Rs8.47 per liter, bringing it down from Rs269.43 to Rs260.96 per liter. The cost of high-speed diesel (HSD) has also been reduced by Rs6.7 per liter, from Rs272.77 to Rs266.07 per liter.
This decision was shared through a statement by the Ministry of Information on Tuesday. The price cut is seen as a significant relief for the public as the country prepares to celebrate 77 years of independence.
ALSO READ
Foden's hat-trick leads Manchester City to victory over Aston Villa
The Board of Secondary Education Karachi (BSEK) has decided to extend the deadline ....This is the second time in two weeks that fuel prices have been reduced. The price decrease is attributed to lower global demand for fuel, particularly from major economies.
In the last review, petrol prices were reduced by Rs6.17 per liter. It's important to note that the petroleum development levy (PDL) remains the same, despite an increase of Rs10 per liter in the federal budget for 2024-25.
Petrol, commonly used in private vehicles, rickshaws, and motorcycles, affects the budgets of middle and lower-middle-class families. High-speed diesel, used in heavy transport, trains, and agricultural machinery, has a direct impact on the cost of goods, especially food items.
