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KARACHI: The government announced on Friday a significant reduction in petrol and high-speed diesel (HSD) prices for the upcoming fortnight, providing relief to consumers grappling with inflation.

Effective from June 15, petrol prices will decrease by Rs10.20 per litre, bringing the new price to Rs258.16 per litre. HSD will see a reduction of Rs2.33 per litre, with the new rate set at Rs267.89 per litre, according to a statement issued by the Prime Minister’s Office.

Kerosene oil will remain priced at Rs171.61 per litre, and light diesel oil (LDO) will stay at Rs157.32 per litre in the open market.

Petrol price likely to come down

The finance division has also issued an official notification in this regard.

Petrol is primarily used for cars and motorcycles, while HSD powers heavy vehicles such as trucks and buses, as well as industrial machinery.

It is noteworthy that on June 1, the government reduced the price of petrol by Rs4.74 per litre and diesel by Rs3.86 per litre. So far, a total relief of Rs35 per litre has been provided to the public for petrol.

Copyright Business Recorder, 2024

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Rebirth Jun 15, 2024 10:22am
8% of all our revenue comes from this levy. Since the agricultural, commercial and real estate sector won’t pay any taxes, this would be our only way to balance our budget. Yet, they keep reducing it.
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