Petrol price in Pakistan reduced by Rs10 for next fortnight. Minister for Finance and Revenue Senator Ishaq Dar Thursday announced that the price of petrol has been decreased by Rs10 to Rs214.80 per litre for the next fortnight — effective from December 16.
In a video address, the finance minister said the price reduction was made in line with Prime Minister Shehbaz Sharif‘s aspirations of “providing maximum” relief to the masses.
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As a result of the revised rates of petroleum products, diesel will now be available at Rs214.80 after a reduction of Rs7.5. The price of kerosene oil and light diesel oil have also been slashed to Rs171.83 and Rs169, respectively.
It should be noted that on November 30, while the government kept the price of petrol and diesel unchanged it slashed the price of kerosene oil and light diesel oil by Rs10 per litre and Rs7.5 per litre, respectively.
Currently, the government is charging a PL of Rs50 per litre on petrol, Rs25 per litre on HSD, Rs7.01 per litre on SKO and Rs15.39 per litre on LDO. The government, however, has promised the international lender that it will increase the PL on HSD to Rs50 by April 2023.
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