In a much-needed relief for the masses, Finance Minister Ishaq Dar on Monday announced a decrease in the prices of petroleum products.
Under the revised prices announced by the finance minister, the price of petrol has been reduced by Rs. 12 per liter while the price of high-speed diesel has been cut by Rs. 30 per liter. The new price of petrol will be Rs. 270 per liter while the price of high-speed diesel will be Rs. 258 per liter.
Petroleum Products Prices
from 16 May to 31 May’23:Reductions per litre:
High Speed Diesel—Rs 30
Petrol—Rs 12
Kerosene Oil—Rs 12
Light Diesel Oil—Rs 12New Prices per litre:
Petrol—Rs 270
HighSpeed Diesel—Rs 258
KeroseneOil—Rs 164.07
Light Diesel Oil—Rs 152.68AlhamdoLilah!
— Ishaq Dar (@MIshaqDar50) May 15, 2023
The prices of both kerosene and light diesel oil have also been reduced by Rs. 12 per liter. The new price of kerosene will be Rs. 164.07 while the new price of light diesel oil will be Rs. 152.68 per liter. The new prices of all products will be effective from May 16.
It is pertinent to mention here that at the last fortnightly review of petroleum prices, the government kept the price of petrol unchanged at Rs. 282 per liter. However, a slight cut was announced in the price of high-speed diesel, which saw its price go down by Rs. per 5 liter to Rs. 288.
Weekly inflation in the country is above 48 percent on a year-on-year basis as per the latest figures released by the Pakistan Bureau of Statistics (PBS). The high prices of both petrol and diesel over the previous year are a major contributing factor toward the rampant inflation.
OR KAM KARO OYY 180 BS BHOT HA
thank you and love you
this is great for my fortuner
Rs.30 reduced on diesel, yet no changes in costs of goods (vegetables and groceries)!
When the price is increased by Rs10, the transport and distributor mafia increases price on everything!
The relief doesn’t even reach the end users, all the above mentioned relief adds up to the mafia’s profits!