The interim government of Pakistan continues to provide respite to its citizens grappling with inflation by announcing a reduction in the prices of essential commodities, particularly fuel, in its latest review.
According to a recent notification released by the Finance Division, the government has implemented significant reductions in petrol and high-speed diesel prices. Petrol rates witness a decrease of Rs2.04 per litre, while high-speed diesel (HSD) experiences a noteworthy reduction of Rs6.47 per litre.
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These price adjustments in petroleum products come following recommendations put forth by the Oil and Gas Regulatory Authority (OGRA).
As a result of these revisions, the current price of petrol now stands at Rs281.34 per litre. High-speed diesel is marked down to Rs296.71 per litre, and the price of kerosene oil has been reduced by Rs7 to Rs211.03 per litre.
Moreover, the interim government has also taken a step to lower the price of light diesel oil (LDO) from Rs189.46 to Rs180.45 per litre for the upcoming fortnight.
This reduction in fuel prices serves as a significant relief for the people of Pakistan, who have been grappling with substantial inflation rates amid economic challenges since mid-2022.
The drop in diesel prices is expected to ease financial burdens in crucial sectors such as agriculture and transportation. Additionally, the overall price adjustments are anticipated to contribute to a much-needed containment of the country’s soaring inflation rates.
