Federal government has announced a reduction in prices of petrol and diesel, providing some relief to the public amidst ongoing rise in the cost of living. New pricing structure, which is effective immediately, offers modest decreases across several types of fuel.
Government lowered the price of petrol by Rs 1.86 per litre, bringing the cost down to Rs 259.10 per litre. This reduction will ease the financial burden on consumers, especially those who rely on petrol for their daily commute. High-speed diesel, another widely used fuel, has also seen a significant decrease. Government reduced the price by Rs 3.32 per litre, now costing Rs 262.75 per litre. This drop is likely to benefit transporters and industries that depend heavily on diesel.
Kerosene oil, often used for cooking and heating in rural areas, has also experienced a price cut. New rate is set at Rs 169.62 per litre, offering some financial relief to households that rely on this fuel. Light diesel oil (LDO), used primarily in certain industrial applications, has seen a reduction of Rs 2.97 per litre, bringing its price to Rs 154.05 per litre.
Also Read: Petrol and Diesel Prices in Pakistan May Drop from August 15
Govt Aims to Alleviate Financial Pressure
These price adjustments come at a time when many people are struggling with rising costs of goods and services. Government’s decision to reduce fuel prices aims to alleviate some of the financial pressures faced by public. By making fuel slightly more affordable, Government hopes to support economic stability and reduce the impact of inflation on general public.
As these new prices take effect, consumers should stay informed and adjust their budgets accordingly to maximize savings from this reduction in fuel costs. By staying proactive, consumers can better manage their expenses and benefit from lowered fuel prices.