Govt massively reduces diesel, petrol prices by Rs22 per litre

Petrol price in Pakistan
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ISLAMABAD (Kashmir English): The federal government has announced the reduction in diesel and petrol prices by Rs22 per litre each, the Prime Minister’s Office (PMO) said on Friday.

The statement described the reduction as a gift to the nation on the third day of Eid-ul-Azha, quoting Prime Minister Shehbaz Shehbaz as saying, “Providing relief to the public remained among his top priorities.”

It noted that relief had also been extended last week when petrol and diesel prices were reduced.

Following the reduction, the price of petrol was fixed at Rs381.78 per litre, down from the previous rate of Rs403.78. Similarly, the price of HSD was reduced to Rs380.78 per litre from Rs402.78.

“Even in the most stringent circumstances, the federal government continued the series of relief for the public and provided subsidies on fuel for public/goods transport and for those using motorcycles and rickshaws,” it said.

During the worst global oil crisis, the prime minister provided a subsidy of over Rs130 per litre, preventing an increase in domestic fuel prices and extending relief to consumers, the PMO statement added.

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