LAHORE (Kashmir English): Following the reduction in petrol and diesel prices, the All Pakistan Transporters Association has announced a decrease in public transport fares.
According to details, a meeting chaired by the Secretary of Transport Punjab, reviewed the impact of declining fuel prices on transport costs. During the meeting, it was decided that all public transport fares operating from Lahore to other cities will be reduced by 4 percent.
According to the decision, all transporters will be bound to implement the new fare, while they have been directed to display the revised fare prominently at bus stands and transport hubs so that passengers can be aware of the new rates.
The decision is expected to provide financial relief to daily commuters and long-distance travelers, reflecting the reduced cost of fuel in the transport sector.
Petrol price slashed
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.
