The federal government has announced a reduction in the prices of petrol and diesel, providing some relief to the public amidst the ongoing rise in the cost of living. The new pricing structure, which is effective immediately, offers modest decreases across several types of fuel.
The 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. The 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. The 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.
Govt Aims to Alleviate Financial Pressure
These price adjustments come at a time when many people are struggling with the rising costs of goods and services. The government’s decision to reduce fuel prices aims to alleviate some of the financial pressures faced by the public. By making fuel slightly more affordable, the government hopes to support economic stability and reduce the impact of inflation on the general population.
Also Read: Petrol and Diesel Prices in Pakistan May Drop from August 15
As these new prices take effect, consumers should stay informed and adjust their budgets accordingly to maximize the savings from this reduction in fuel costs. By staying proactive, consumers can better manage their expenses and benefit from the lowered fuel prices.