Business Desk
Sep 01, 2024
An undated image of a vehicle being fueled up. — Unsplash
The government of Pakistan has dropped the price of petrol by Rs1.86 per litre for the next fortnight in an effort to extend relief to the people who have long endured the back-breaking inflation.
With the price of petrol decreasing consecutively for the third time, the latest price of petrol in Pakistan hopped from Rs260.96 to Rs259.10 per litre.
During the previous announcement for a price change, Prime Minister Shehbaz Sharif termed price the reduction in petroleum products a “gift to the nation on Independence Day.”
New price of Petrol in Pakistan today
Likewise, the price of High-Speed Diesel (HSD) has been slashed by Rs3.32 per litre, dropping from Rs266.07 to Rs262.75 per litre.
In the previous petroleum price adjustment in Pakistan, the petrol price was cut by Rs8.47 per litre. It may be noted that the petroleum development levy (PDL) remains unchanged despite the federal government increasing it by Rs10 per litre — from Rs60 to Rs70 — in the federal budget for 2024-25.
