ISLAMABAD: The federal government on Sunday announced a reduction in the price of diesel by Rs 5 per liter while the price of petrol remained unchanged.
In a televised address, Finance Minister Ishaq Dar said the new rates have been worked out to provide “maximum relief” to the public on the direction of Prime Minister Shehbaz Sharif.
The finance czar also announced a reduction in the prices of kerosene and light diesel oil (LDO) by Rs 10 per litre.
After notification of new prices, petrol will be available at Rs 282, HSD Rs 288, kerosene at Rs 176.07 and light diesel oil at Rs 164.68 per litre.
Petroleum Products Prices
— Ishaq Dar (@MIshaqDar50) April 30, 2023
from 01 May to 15 May‘23:
Reductions per litre :
High Speed Diesel Rs 5
SuperKerosene Oil Rs 10
Light Diesel Oil Rs 10
Petrol —No change
New Prices per litre:
Petrol Rs 282
HighSpeed Diesel Rs 288
KeroseneOil Rs 176.07
Light Diesel Rs 164.68
Diesel is widely used in the transport and agriculture sectors. A reduction in its price can reduce the impact of inflation and provide relief to farmers as the harvest season has begun.
Consumers are already facing higher prices, especially the lower-income segment, who own motorcycles and small cars.
In view of the increase in the price of petroleum in the international market and the change in the exchange rate, the federal government has increased the price of petrol by 10 rupees and the price of kerosene by 5 rupees 78 paisa in its last fortnightly announcement.
Earlier, oil marketing companies (OMC) sources told JEE News that petrol price is likely to decrease by Rs 4.5 per liter while diesel price is likely to decrease by Rs 6 per litre.
