Lahore Reduces Transport Fares Following Fuel Price Cuts

The Lahore district administration has announced a 5% reduction in fares for public and goods transport. This move comes in response to the federal government’s recent reduction in petroleum prices by Rs 10 per litre.

The revised fares have been implemented immediately, offering relief to commuters across the city. To ensure strict adherence, the administration is cracking down on transporters who fail to display the updated fare lists or overcharge passengers.

A collective fine of Rs 350,000 has already been imposed on transporters found overcharging. Additionally, special squads have been formed to monitor compliance, with passengers who were overcharged receiving refunds.

This fare adjustment follows the government’s reduction in fuel prices on September 15. Petrol prices were slashed by Rs 10 per litre, and diesel saw a reduction of Rs 13.6 per litre. Light diesel and kerosene prices also dropped by Rs 12 and Rs 11-15 per litre, respectively.

The government’s decision to reduce petroleum prices comes after a significant drop in global oil prices, which have fallen by 8.5%—from USD 79.39 per barrel on August 30, 2024, to USD 72.67 per barrel. This decrease in international prices has provided some relief to consumers across the country, including lower transportation costs.