After the reduction in petrol prices in Pakistan to Rs.2.07 per liter, the new price of petrol is Rs.247.03 per liter. Diesel prices are also down, and the rate stands at Rs.246.29 per liter, reducing the price to Rs.3.40.
Present Petrol and Diesel Rates in Pakistan
On 16 September, the Petrol Rate in Pakistan dropped to Rs. 249.10, and the Diesel Rate was Rs. 249.69. These rates were brought down to Rs. 247.03 and Rs. 246.29, respectively, effective 1 October.
|
POLs |
Previous Price (PKR) | Current Price (PKR) | Price Difference (PKR) |
| Petrol Rate in Pakistan | Rs.249.10 | Rs.247.03 |
Rs.2.07 |
|
Diesel Rate in Pakistan |
Rs.249.69 | Rs.246.29 |
Rs.3.40 |
Reason For Decrease
The reduction in fuel prices is a significant relief for the public. The Ministry of Finance issued a notification regarding the price adjustments following approval from Prime Minister Shehbaz Sharif.
Impact On Citizens & Economy
Transportation Costs: The relief from operational costs will result in a further reduction in the prices of goods and services for commuters and transport companies.
Cost of Living: Inflation and the general cost of living are supposed to be reduced since transportation costs raise the prices of products used on a daily basis.
