ISLAMABAD: The federal government announced its decision about the petroleum prices while maintaining the petrol and diesel prices for the next week. In a notification issued today, the government said that the prices of petrol and diesel will remain the same.
Hence, people who were expecting further decline in the petroleum prices this week, were in a shock after hearing no further decline in prices.
Last week, Prime Minister Muhammad Shehbaz Sharif announced a major reduction in petroleum prices, bringing immediate relief to consumers across Pakistan after weeks of elevated fuel costs.
According to the announcement, the government has reduced the price of petrol by Rs74 per litre and lowered the price of high-speed diesel by Rs67 per litre.
Following the revision, petrol prices will decrease from Rs373 per litre to Rs299 per litre.
At the same time, the price of high-speed diesel will fall from Rs378 per litre to Rs311 per litre.
The government linked the reduction to improving regional economic conditions and declining global oil prices.
Government Says Relief Is Being Passed Directly to Consumers
Speaking about the decision, the prime minister said the government was delivering on commitments made to the public.
He stated that the decline in international oil prices was now being transferred directly to consumers.
The prime minister also expressed gratitude to the public for remaining patient during a difficult economic period.
He said:
“You are well aware of the hardships faced by the people and have shown unparalleled patience and resilience during this difficult period.”
He further added that the government remained thankful for continued public support during challenging circumstances.
