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.
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