Govt Cuts Petrol, Diesel Prices by Rs 22 per Litre on Eid Relief
News Desk
Islamabad: The federal government on Friday announced a significant reduction in the prices of petroleum products, slashing petrol and diesel rates by Rs 22 per litre each, in what it described as an Eid-ul-Azha relief for the public.
According to the official announcement, the price of petrol has been reduced by Rs 22 per litre while high-speed diesel has also been cut by Rs 22 per litre. The new prices will take effect from midnight for the next pricing period.
Following the revision, the price of petrol has been fixed at Rs 381.78 per litre, while high-speed diesel will now cost Rs 380.78 per litre.
A statement issued by the Prime Minister’s Office said the decision reflects the government’s commitment to providing relief to the public whenever fiscal space becomes available.
Prime Minister Shehbaz Sharif said providing relief to citizens remains a top priority of the government, adding that recent reductions in fuel prices were part of ongoing efforts to ease inflationary pressures.
Read More: https://thepenpk.com/massive-relief-expected-as-petrol-diesel-prices-may-fall/
The statement further claimed that the government continued to extend fuel subsidies for public transport, goods transport, motorcycles, and rickshaws even during challenging economic conditions.
It also noted that despite volatility in global oil markets, Pakistan ensured fuel availability without disruption, contrasting the situation with shortages seen in some regional countries.
Meanwhile, the statement highlighted that the government had previously absorbed significant fluctuations in global oil prices, including both sharp increases and periodic reductions in recent months.
Fuel prices in Pakistan have witnessed repeated changes since March due to global market instability, with multiple revisions reflecting international oil trends and domestic policy adjustments.
The latest cut comes after a series of hikes and reductions over recent months as the government navigates pressure from global energy markets and domestic inflation concerns.
