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Saturday, July 20, 2024  
13 Muharram 1446  

Finance Ministry notifies Rs10 per liter reduction in petrol price

Petrol will be sold at Rs149.86 while diesel at Rs144.15

After the announcement of Prime Minister (PM) Imran Khan, Finance Ministry issued a notification of reducing the price of petrol by Rs 10 per liter.

According to the notification, petrol would be sold at Rs149.86 per liter as compared to Rs159.86. Likewise, the price of high speed diesel has been reduced by Rs10 per liter, from Rs154.15 to Rs144.15.

The price of kerosene oil has also been reduced by Rs1 per liter, from Rs126.56 to Rs125.56 whereas the price of light diesel oil has been slashed by Rs5.66 per liter from Rs123.97 to Rs118.31.

Earlier in the day during a televised address to the nation prime minister Imran Khan has slashed prices of petroleum products and electricity to provide massive relief to the people.

The oil and electricity prices were slashed at a time when the government is facing severe opposition from opposition over inflation.

The Opposition alliance has planned a no-confidence motion to dislodge the prime minister and Pakistan People's Party (PPP) chairman Bilawal Bhutto Zardari has commenced a protest march towards the federal capital from Karachi to show that Imran Khan’s government had lost the nation’s trust.

The prime minister in his address had said that prices of petrol and diesel would be reduced by Rs10 per litre and electricity by Rs5 per unit.

PM further said that since Pakistan imports petrol, if the prices increased in the international market, there was nothing the government could do.

Sharing the details of petrol prices in other countries the prime minister said that in Pakistan, the price of petrol was Rs160 per litre, while the price of petrol in India was Rs260, Rs185 in Bangladesh and Rs 200 in Turkey.

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