Latest Petrol Price in Pakistan

petrol-price

Pakistan’s caretaker government is planning to reduce the prices of petrol and diesel, thanks to the recent appreciation of the local currency. Following a similar initiative last month, this reduction will bring further relief to the distressed masses.

Petrol and high-speed diesel (HSD) prices in Pakistan are anticipated to decrease by Rs.20 and Rs.16 per litre, respectively. The Oil and Gas Regulatory Authority (OGRA) has reportedly initiated the process of drafting the necessary adjustments for petroleum product prices.

petrol-price

The final decision on these price revisions will be made by the caretaker Prime Minister, Anwaarul Haq Kakar, during his scheduled meeting on October 31. If approved, the new prices will come into effect starting from November 1.

As of late October, the government was charging Rs.60 per litre for petrol and Rs.55 per litre for diesel. These reductions are expected to result in significant savings for consumers.

Current Prices in Pakistan (as of late October):

  • Petrol: Rs.283.38 per litre
  • Diesel: Rs.304.05 per litre

Expected Prices in Pakistan (from November 1):

  • Petrol: Rs.263 per litre
  • Diesel: Rs.290 per litre

petrol-price

These price cuts come as a welcome relief for the people of Pakistan, particularly in a time when economic challenges have put additional pressure on household budgets.

The reduction in fuel prices is expected to positively impact various sectors of the economy, making transportation and daily commuting more affordable for the general public.

The move is seen as a proactive step by the caretaker government to mitigate the financial strain on citizens and support economic stability.

It is a testament to the government’s commitment to ensuring that the benefits of a stronger local currency are passed on to the people.

While the final decision will be made in the upcoming meeting, the impending reduction in petrol and diesel prices is likely to be met with widespread approval and appreciation from the public as they look forward to a more affordable commute and reduced living costs.

Ammara Ahmed

Ammara Ahmed

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