Petrol price in Pakistan drops by Rs8 per litre for next fortnight
Cut of Rs11 per litre announced in diesel price.
Govt slashes rate of kerosene oil by Rs7.53 per litre.
New prices of petroleum products to be effective from October 1.
ISLAMABAD ( Web News )
In a relief to the inflation-weary masses, the caretaker government Saturday dropped the price of petrol for the next fortnight by Rs.8, the first time in two-and-a-half-months.
Meanwhile, a cut of Rs11 has been announced in the diesel price, after which the new rate of the fuel will be Rs.318.18 per litre.
New prices of the commodities will come into effect from at midnight tonight.
| Product | Existing price w.e.f 16/9/2023 | New price w.e.f 1/10/2023 | Decrease |
| Petrol | 331.38 | 323.38 | -8 |
| Diesel | 329.18 | 318.18 | -11 |
The Ministry of Finance, in a statement, said the decision to bring down the price of petroleum products was taken after the Pakistani rupee gained value and POL rates dropped globally.
“In the wake of variations in international prices of petroleum products and the improvement in the exchange rate, the Government of Pakistan has decided to revise the consumer prices of petroleum products,” the the ministry said.
The government has also slashed the rate of kerosene oil by Rs7.53 per litre to 237.28 and light diesel oil by Rs7.77 per litre to 212.45.
The prices of the commodities last witnessed a decrease in mid-July when petrol was dropped by Rs9 per litre to Rs253 and diesel by Rs7 to Rs253.50.