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The caretaker government on Monday announced a reduction of Rs8 per litre in the price of petrol while keeping high-speed diesel’s (HSD) rate unchanged.

The new price of petrol will be Rs259.34, while HSD stays at Rs276.21 per litre. The change goes into effect on January 16, 2024.

Business Recorder had earlier reported that the interim government might announce a modest decrease in ex-depot prices of all petroleum products.

In the previous review, the government had kept the prices of petrol and diesel unchanged despite a fall in the international oil rates.

Comments

200 characters
Az_Iz Jan 15, 2024 11:56pm
Prices determined based on crude prices. Right thing to do.
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Az_Iz Jan 15, 2024 11:58pm
Reducing diesel prices will not help anyone except the transport companies. They will not pass on the savings. They will pocket them, and will not contribute to country's revenue anyway.
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Muhammad Umarfarooq Jan 16, 2024 09:12pm
Very good
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