Pakistan Slashes Petrol, Diesel Prices by Rs22 Per Liter

Pakistan's government has announced a significant reduction in fuel prices, cutting the cost of petrol and high-speed diesel (HSD) by Rs22 per liter each. This move comes just a week after a previous price decrease of Rs6-7 per liter. The latest adjustments mean HSD will now cost approximately Rs380 per liter, and petrol will be around Rs381 per liter. The Prime Minister's Office issued a statement confirming the reduction, emphasizing that Prime Minister Shehbaz Sharif had pledged to pass on savings to the public as soon as possible. "That promise has been fulfilled," the statement declared. Sharif reiterated his commitment, stating, "Providing relief to the people is my top priority." The government highlighted that fuel prices have been revised weekly, influenced by global market dynamics, particularly following events like the conflict in the Middle East. Petrol is primarily used for private transportation, affecting the budgets of middle and lower-middle-income families, while HSD is crucial for the heavy transport sector and large generators. The government has also been providing fuel subsidies to public and goods transport, as well as to motorcycle and rickshaw users.

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providing relief to the people is my top priority