https://arab.news/9pqw3
- The South Asian country revises petroleum prices every fortnight
- The latest cut likely to offer some relief to inflation-hit Pakistanis
ISLAMABAD: The Pakistani government has reduced the price of petrol by Rs10 per liter, the Finance Division said late Sunday.
Pakistan revises petroleum prices every fortnight. After the latest revision, petrol will now cost Rs249.10 per liter.
The government reduced the price of high-speed diesel by Rs13.06 to Rs249.69, according to the Finance Division notification.
“The Oil and Gas Regulatory Authority (OGRA) has worked out the consumer prices of petroleum products, based on the price variations in the international market,” the notification read.
In Pakistan, petrol is mostly used in private transport, small vehicles, rickshaws and two-wheelers, while any increase in the price of diesel is considered highly inflationary as it is mostly used to power heavy transport vehicles and particularly adds to the prices of vegetables and other eatables.
Similarly, the price of kerosene oil went down by Rs11.15 to Rs158.47, while that of light diesel oil was reduced by Rs12.12 to Rs141,93.
The new prices have already taken effect.