Pakistan Cuts Fuel Prices for the Next Two Weeks
Following the trend of international oil prices, the Pakistani government has decided to reduce the prices of petrol and diesel for the upcoming fortnight. The new prices will come into effect from August 14th, 2024.
Key Points:
- Reduction in Petrol Price: The price of petrol (MS) has been decreased by Rs. 8.47 per liter.
- Reduction in Diesel Price: The price of high-speed diesel (HSD) has been decreased by Rs. 6.70 per liter.
- Effective Date: The new prices will be applicable from August 14th, 2024.
- Reason for Reduction: The government attributes this price cut to the decline in international oil prices.
Price Comparison Table:
| Product | Existing Price (w.e.f. 01.08.2024) | New Price (w.e.f. 14.08.2024) | Increase/Decrease |
|---|---|---|---|
| MS (Petrol) | Rs. 269.43 | Rs. 260.96 | -Rs. 8.47 |
| High Speed Diesel (HSD) | Rs. 272.77 | Rs. 266.07 | -Rs. 6.70 |
FAQs:
- When will the new prices take effect? The new prices will be effective from August 14th, 2024.
- Why have the prices been reduced? The government has attributed the price reduction to the decline in international oil prices.
- How much has the price of petrol been reduced? The price of petrol has been reduced by Rs. 8.47 per liter.
- How much has the price of diesel been reduced? The price of diesel has been reduced by Rs. 6.70 per liter.
Conclusion:
The recent decrease in fuel prices is expected to provide some relief to consumers and businesses in Pakistan. However, the impact of this reduction on inflation and overall economic conditions remains to be seen. It is important to monitor future trends in international oil prices to gauge the sustainability of these reduced fuel prices.
