Islamabad: Good news for the public — The government has reduced the prices of petroleum products. Prime Minister Shehbaz Sharif approved the price reduction, after which the Ministry of Finance has issued an official notification.
| Product | Price Change (PKR per litre) | New Price (PKR per litre) | Effective From |
|---|---|---|---|
| Petrol (Gasoline) | – 5.66 | 263.02 | Tonight |
| High Speed Diesel (HSD) | – 1.39 | 275.41 | Tonight |
| Kerosene Oil | – 3.26 | 181.71 | Tonight |
| Light Diesel Oil (LDO) | – 2.74 | 162.76 | Tonight |
The Finance Ministry has clarified that these new prices of petroleum products will come into effect from tonight.
According to government sources, this relief has been possible due to the fall in crude oil prices in the global market. Experts say that the fall in petrol and diesel prices is likely to reduce inflation and transportation costs to some extent.
