ISLAMABAD: The Pakistani government has planned a modest relief in petroleum prices from September 1, as the nation battles the worst floods in recent years.
According to media reports, the price of petrol could fall by Rs0.61 to Rs264.00, diesel by Rs3.13 to Rs269.86, kerosene by Rs1.57 to Rs176.70 and light diesel oil (LDO) by Rs2.61 to Rs159.55 per liter.
The modest cut comes after the price of international Brent crude fell from $68.18 per barrel on August 18 to $66.73 on August 27. However, heavy taxes and levies, including petroleum and carbon levies, customs duties, and freight charges, keep fuel prices high.
As of August, Pakistanis were paying Rs80 per liter on petrol and almost the same on diesel.
For households and businesses already suffering from flood-related disruptions, a little relief is unlikely to make a difference.
ISLAMABAD: The Pakistan Telecommunication Authority (PTA) has issued a warning for mobile phone users against…
ISLAMABAD: Iranian President Dr. Masoud Peshkeskian met President Asif Ali Zardari and Prime Minister Shehbaz…
ISLAMABAD: The government has approved a reduction in advance tax rates on property buyers and…
RAWALPINDI: Chief of Army Staff, Field Marshal Syed Asim Munir, met with Iranian President Masoud…
LAHORE: Following the reduction of petroleum prices, solar panels and batteries witnessed a sharp fall…
ISLAMABAD: State Bank of Pakistan (SBP) has declared a two-day public holiday for Ashura (9th &…