ISLAMABAD (The Thursday Times) — The caretaker government of Pakistan has reduced the price of fuel, effective from midnight on November 16 until November 30. This decision will see a notable decrease in the prices of petrol, high-speed diesel (HSD), kerosene oil, and light diesel oil.
According to the new price structure released by the Ministry of Finance, the price of petrol has been reduced by Rs2.04 per litre, bringing it down from Rs283.38 to Rs281.34. Similarly, the price of high-speed diesel has seen a reduction of Rs6.47 per litre, decreasing from Rs303.18 to Rs296.71.
The prices of kerosene oil and light diesel oil have also been significantly reduced. Kerosene oil, previously priced at Rs214.85 per litre, will now cost Rs204.98, marking a decrease of Rs9.87. Light diesel oil, formerly priced at Rs192.86 per litre, will now be available for Rs180.45, showing a decrease of Rs12.41.
This move, based on the recommendation of the Oil and Gas Regulatory Authority, is a response to the growing concerns over rising inflation and its impact on the everyday lives of Pakistanis. By lowering the prices of these essential commodities, the government aims to provide some relief to the inflation-weary populace.
The reduction in fuel prices is expected to have a ripple effect on various sectors of the economy, potentially leading to lower costs for transportation and goods, thereby easing the financial strain on both consumers and businesses.