ISLAMABAD (Kashmir English): Following the reduction in petroleum prices, the Pakistan Goods Transporters Association and public transport operators have announced an immediate 15 percent decrease in fares.
Earlier today, the federal government notified the sharp decline in the prices of petrol and diesel by Rs74.28 and Rs 67.31 per liter, respectively.
With the latest reduction, petrol has come down from Rs 373.78 to Rs 299.50 per liter, and diesel from Rs 378.78 to Rs 311.47 per liter, the notification issued by the Petroleum Division stated.
In a statement, President Nabil Mahmood Tariq welcomed the federal government’s decision to significantly reduce diesel prices, adding that the benefits will directly reach the country’s economic system.
“After this major reduction in diesel and petrol prices, there is a strong possibility of a significant reduction in the inflation rate across the country, which will benefit the common man,” he stated.
President Pakistan Goods Transport Alliance, Malik Shahzad Awan, has also announced a 15 percent reduction in goods transport fares.
Awan said that goods transporters operated vehicles at a loss in the broader interest of the country during difficult times. He demanded that the increase in withholding tax be withdrawn in the federal budget 2026-27.
He said that the federal government and provincial governments should provide relief to goods transporters from toll tax, withholding tax, e-challan, motorway police challan, and other taxes.
He said that the federal government and provincial governments should provide the same amount of facilities as the transport industry pays in taxes.
Public transport fares reduced
Moreover, public transport operators have also announced a record reduction in fares in various cities. Public transport fares to various cities from Lahore have been reduced by up to Rs. 1900.
An emergency meeting of transporters was held under the chairmanship of the Secretary, Regional Transport Authority Lahore, Rana Mohsin, where it was agreed to reduce public transport fares.
According to Rana Mohsin, all transport companies are preparing new fares, and the reduction in fares will be implemented immediately. He warned that action will be taken against those who do not implement the new fares.
According to the new fares, the Karachi business class fare has been reduced from Rs 10,450 to Rs 8,550, while the Karachi economy class fare has been reduced from Rs 8,450 to Rs 7,000.
Similarly, the Abbottabad fare has been reduced from Rs 3,400 to Rs 2,800, the Bahawalnagar fare has been reduced from Rs 2,350 to Rs 1,950, and the Faisalabad fare has been reduced from Rs 1,850 to Rs 900.
The DG Khan fare has been reduced from Rs 2,600 to Rs 2,130, the Hafizabad fare has been reduced from Rs 2,200 to Rs 1,800, while the Larkana fare has been reduced from Rs 8,450 to Rs 6,930.
