Islamabad-Petrol Price Slashed by Rs1.86, Diesel by Rs3.32 Per Litre, In a move aimed at providing some respite to the public amidst the rising cost of living, the federal government announced a reduction in petroleum product prices on Saturday. The new pricing structure, effective immediately, reflects modest decreases across various fuel types.
The price of petrol has been reduced by Rs 1.86 per litre, bringing it down to Rs 259.10 per litre. This decrease is expected to provide some relief to motorists and commuters who have been bearing the brunt of high fuel prices.
Similarly, the cost of high-speed diesel (HSD) has been slashed by Rs 3.32 per litre, now priced at Rs 262.75 per litre. This reduction will likely benefit transportation and logistics industries, which heavily rely on diesel.
In addition to petrol and HSD, kerosene oil has also seen a decrease in price, with the new rate set at Rs 169.62 per litre. This reduction will provide relief to households that use kerosene for cooking and heating purposes.
Light diesel oil (LDO) has also experienced a reduction of Rs 2.97 per litre, adjusting its price to Rs 154.05 per litre. This decrease will benefit industries and consumers who use LDO for various purposes.
The government’s decision to reduce petroleum product prices comes at a time when the country is facing economic challenges, including high inflation and a rising cost of living. The move is expected to provide some relief to the public and help mitigate the impact of high fuel prices on the economy.
However, it is worth noting that the reductions are modest, and fuel prices remain relatively high compared to previous years. Nevertheless, the government’s decision is a step in the right direction, and it is hoped that further reductions will follow in the future.
Govt announces reduction in petroleum prices: Check latest rates here
The new pricing structure is effective immediately, and consumers can expect to pay less for fuel at pumps across the country. The government’s move is a welcome relief, and it is hoped that it will help ease the financial burden on the public.
