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Pakistan

Govt cuts petrol price by Rs5 per litre

  • Price of high-speed diesel remains unchanged
Published February 28, 2023

Finance Minister Ishaq Dar on Tuesday announced a reduction of Rs5 per litre in the price of petrol, Aaj News reported.

In a video message, Dar said that the price of petrol has decreased from Rs272 to Rs267 per litre.

Similarly, the price of high-speed diesel was kept unchanged at Rs280 per litre.

“Kerosene oil’s current price of Rs202.73 is being brought to Rs187.73 after a reduction of 15 rupees. Light-diesel, which is at Rs196.68, is being brought to Rs184.68 after a reduction of 12 rupees,” the finance minister said.

He said the prices would be effective from midnight.

The reduction in petrol price comes amid a significant decline in the oil prices in the global market, allowing the government to provide relief to the already inflation-ridden people.

Comments

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Shiteistan Feb 28, 2023 11:45pm
This is against what IMF has been demanding and smacks of preparation for elections. This is a sweetner given by Dar & co. This man is out to wreck whatever is left. Bye bye IMF.
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Syed Ali Mar 01, 2023 02:40am
The manipulation of Pakistan Rs by The Government and If needs investigating and judicial action taken
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Tulukan Mairandi Mar 01, 2023 04:45am
Looks like IMF loan won't be coming at all. Iron brother that's sweeter than honey and deeper than ocean, China, also attaching their loans to IMF bailout. Likewise Ummah Brother Saudi Arabia. Default on the horizon. More Pakistanis will be drowning in refugee boats bound for Europe. And Pakistanis will start gettint shot on the Ind-Pak border as they just wanna flee to India.
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