Staggering Rs40 per litre cut in petrol prices brings some relief to the masses

Staggering Rs40 per litre cut in petrol prices brings some relief to the masses

Pakistan

Petroleum prices slashed by Rs40 per litre

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ISLAMABAD (Dunya News) - The government has slashed the prices of petroleum products by Rs40. 

After a significant drop from the current rate of Rs323.38 per litre, the new price of petrol will be Rs283.38 per litre. 

Similarly, high-speed diesel (HSD) price has been reduced to Rs15 per litre for the upcoming two weeks. The new price is Rs291.18 per litre. 

Previously, on Oct 1, the petrol price in Pakistan had been lowered by Rs8 per litre following a two-month increase, settling at Rs323.38 per litre. 

During the same period, the price of high-speed diesel (HSD) had decreased by Rs11 per litre to Rs318.18, while kerosene oil prices had seen a reduction of Rs7.53 per litre, bringing it to Rs237.28.

Also Read: Transporters bound to reduce fares: Info minister

Caretaker Minister for Information and Broadcasting Murtaza Solangi on Monday said the transporters were bound to reduce fares and freight charges as the government had significantly decreased prices of petroleum products.

The minister urged the provincial and district administrations to play their role in this regard in order to pass on relief to the masses. In a post on X formerly Twitter, Solangi said the government had reduced petrol and diesel prices by Rs 40 and Rs 15, respectively.

“Whenever prices of these products rose, the transport sector increased freight charges and transportation fares. Now, they (transporters) are bound to provide relief to the masses by reducing them,” the minister said in his post.