Business Desk
Jun 14, 2024
The federal government has made a substantial reduction in petrol prices, cutting them by up to Rs10 per liter, providing the much-needed relief to the people who will be hit by a host of new taxes in the new fiscal year.
According to the Prime Minister Office, the new price of petrol is now Rs262.9 per litre, Rs10.20 down from the previous Rs273.10. Similarly, high-speed diesel (HSD) will be available for Rs267.87 per litre, Rs2.33 down from previous rate of Rs270.22 per litre.
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.
The new prices will come into effect from June 15 (Saturday).
| Products | Existing price w.e.f 01.06.2024 | New price w.e.f 15.06.2024 | Increase/Decrease |
| MS (Petrol) | Rs273.10 | Rs262.9 | -Rs10.20 |
| High-Speed Diesel (HSD) | Rs270.22 | Rs267.87 | -Rs2.33 |
Earlier in the day, Prime Minister Shehbaz Sharif announced a significant reduction in electricity tariffs for the industrial sector, cutting rates by Rs10.69 per unit. This move aims to boost exports and industrial production.
Due to the prime minister's efforts, the new electricity price per unit for the industrial and export sector is set at Rs34.99. The National Electric Power Regulatory Authority (NEPRA) recommended this reduction for industries.
