New rate of petrol is Rs288.46/litre and diesel is Rs281.96/litre,
ISLAMABAD ;Govt slashes petrol price, This move is expected to bring significant relief to citizens, who have been bearing the brunt of high fuel prices for quite some time.
The reduction in fuel prices is also likely to have a positive impact on the overall economy, as it will lead to a decrease in transportation costs and subsequently, prices of essential commodities.
This move is expected to bring significant relief to citizens, who have been bearing the brunt of high fuel prices for quite some time.
The reduction in fuel prices is also likely to have a positive impact on the overall economy, as it will lead to a decrease in transportation costs and subsequently, prices of essential commodities.
The government on Tuesday slashed the fuel prices by up to Rs8.42 per litre for the next fortnight.
The petrol price has been decreased by Rs5.45 per litre, while diesel price cut by Rs8.42 per litre. The new prices would be effective from May 1.
The Ogra had forwarded the oil price summary to the Ministry of Petroleum today, which was approved by the prime minister.
Govt likely to drop petrol by Rs5, diesel by Rs8 per litre
Notably, global crude oil prices have been fluctuating over the past 15 days, with today’s Brent oil market price at $88.50 per barrel.
This price adjustment follows a recent increase on April 16, where petrol price increased by Rs 4.53 per litre and high-speed diesel rose by Rs 8.14 per litre.
This move is expected to bring significant relief to citizens, who have been bearing the brunt of high fuel prices for quite some time.
The reduction in fuel prices is also likely to have a positive impact on the overall economy, as it will lead to a decrease in transportation costs and subsequently, prices of essential commodities.
;Govt slashes petrol price;
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