PM Shahbaz Sharif announced to reduce petrol and diesel prices
The government has slashed petrol price Rs 18.50 per litre while price of diesel slashed Rs 40.54 per litre
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The coalition government led by Prime Minister Shahbaz Sharif Thursday slashed the price of petrol by Rs18.50 per litre and diesel Rs 40.54 per litre in order to provide maximum relief to the consumers. The price of kerosene oil has been slashed by Rs 33.81 per litre.
It is sigh of relief for the people already battling with rising inflation. The government was forced to jack up the prices almost 40% within a month. The price increase badly hurt the low-income families. This reduction might not end the difficulties and problems faced the masses but surely will reduce some burden.
Addressing
the nation, the prime minister said that the government had increased the price
of petrol after coming into power to meet the conditions laid forth by the
International Monetary Fund (IMF), which were agreed by the previous PTI-led
government.
However, as
the prices are declining in the international market now, the government has
decided to pass on the relief to people and, therefore, has decided to reduce
the price of petrol and diesel by Rs18.50 and Rs40.54 per litre, respectively.
The new
price of petrol will be Rs230.24 per litre while diesel will be available at
Rs236 per litre. Meanwhile, petroleum levy has not been increased on all
petroleum products.
|
|
Existing price w.e.f |
New price w.e.f |
Increase/ (-) Decrease |
|
Petrol |
Rs248.74 |
Rs230.24 |
-18.5 |
|
Diesel |
Rs276.54 |
Rs236 |
-40.54 |
|
Kerosene oil |
Rs230.26 |
Rs196.45 |
-33.81 |
|
Light diesel oil |
Rs226.15 |
Rs191.44 |
-34.71 |
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