The Government of Pakistan has taken a commendable step to provide relief to the public by announcing a substantial reduction in petrol and diesel prices. Effective immediately from May 16, 2023, the price of petrol has been reduced by Rs. 12 per litre, bringing it down to Rs. 270 per litre.
Additionally, the price of diesel has been lowered to Rs. 258 per litre, offering significant savings for consumers across the country.
This decision comes as a result of the government’s efforts to alleviate the financial burden on the general public, considering the rising cost of living and transportation expenses. By reducing the prices of these essential commodities, the government aims to provide relief to individuals, families, and businesses that heavily rely on fuel for their daily operations.
The reduction in petrol prices by Rs. 12 per litre will undoubtedly have a positive impact on the transportation sector. Commuters and motorists can expect a significant reduction in their fuel expenses, allowing them to allocate their hard-earned money towards other essential needs.
| PRODUCT | OLD PRICE (PKR) | NEW PRICE (PKR) | CHANGE (PKR) |
|---|---|---|---|
| Petrol | 282.00 | 270.00 | -12.00 |
| High Speed Diesel (HSD) | 288.00 | 258.00 | -30.00 |
| Kerosene Oil | 176.07 | 164.07 | -12.00 |
| Light Diesel Oil (LDO) | 164.68 | 152.68 | -12.00 |
