According to sources, the caretaker government is expected to provide significant relief to the public by potentially reducing petrol prices starting from December 16.
The insiders disclosed that owing to a decline in global petroleum product prices, the government may convey this benefit to the nation during the fortnightly review scheduled for December 15.
It is anticipated that the price of petrol could decrease by Rs13 per litre, and diesel by Rs15 per litre. The public is hopeful for a reduction in rates considering the downward trend in global prices.
On Monday, oil prices experienced a dip amid concerns about crude oversupply, despite OPEC+ cuts, and expectations of softer fuel demand growth in the coming year. The price decline on Friday marked the seventh consecutive week of falling prices, the longest such streak since 2018, fueled by persistent concerns about oversupply.
Until December 15, the caretaker federal government maintained the petrol price at Rs281.34 per litre. The current prices for various petroleum products are as follows:
Pakistan determines fuel prices on a fortnightly basis, taking into account fluctuations in international energy market costs and the rupee-dollar exchange rate to mitigate the impact on domestic consumers.
Alkhidmat Foundation’s ‘Bano Qabil Program’ Marks a Revolution in Youth Empowerment
Meanwhile, in a groundbreaking initiative aimed at uplifting and transforming the lives of the youth, the Alkhidmat Foundation organized the inaugural entry test for the Bano Qabil program in Lahore.
The event saw enthusiastic participation from both male and female students, marking a significant step towards empowering the youth of the city.
Amid a vibrant atmosphere, the first entry test drew the attention of notable figures, including Ameer Jamaat-e-Islami Lahore, Ziauddin Ansari; Vice President of Alkhidmat Foundation Pakistan, Zikarullah Mujahid; President of Alkhidmat Central Punjab, Ikram-ul-Haq Subhani; and President of Alkhidmat Lahore, Engineer Ahmed Hammad Rashid. The gathering also included officials of the Alkhidmat Foundation, intellectuals, journalists, and prominent personalities from across the country.
