In a decisive move aimed at easing financial burdens on citizens, the federal government announced a substantial reduction in petroleum prices effective immediately. According to the latest notification, diesel prices have been slashed by an impressive Rs10.86 per liter, bringing the new rate to Rs272.77. Simultaneously, petrol prices saw a notable decrease of Rs6.17, now standing at Rs269.43 per liter.
Light diesel and kerosene prices were not left untouched either, with reductions of Rs5.72 and Rs6.32 per liter respectively. The revised prices for these essential fuels are now set at Rs160.53 for light diesel and Rs177.39 for kerosene.
This significant rollback comes as a welcome relief to consumers following recent successive price hikes, offering respite amid economic challenges. Analysts anticipate these adjustments to positively impact household budgets and stimulate economic activity across various sectors.
For more updates on economic developments and their implications, stay tuned.
Ultimate relief for the masses, the government’s move aims to fuel optimism amidst economic uncertainties.
