ISLAMABAD: The federal government announced Tuesday that the petrol price will drop by Rs5 per litre to Rs267 per litre for the upcoming two weeks.
Ishaq Dar, the Minister of Finance and Revenue, stated during a news conference that the petrol price would remain at Rs280 per litre till the next review.
The finance czar stated that light diesel oil’s price has been reduced by Rs 12 per litre to Rs 184.68 per litre and that the price of kerosene oil has been reduced by Rs 15 per litre to Rs 187.73 per litre.
The global market for gasoline and diesel has seen a major fall, which has allowed the government to provide assistance to the already-burdened population due to inflation.
According to the article, the rupee’s rise against the dollar over the previous two weeks also contributed to a decrease in the import price of gasoline and diesel because the average exchange rate fell by Rs8 for the upcoming price review.
