Overview
After dropping the huge increase in petrol prices government has finally announced to reduce petrol price in Pakistan and offer cheap rate petrol to people. The huge increase in petrol prices wrecking back of the low-income employees. The Federal Ministry of State for Petroleum products stated that there will be no further increase in price of petrol.
The increase in petroleum product prices effect on routine work. Meanwhile, daily commuters are also disturbing with huge price of petrol. It makes difficult for them to continue routine work. Fuel prices subject to many problems and major reason of inflation in the country. This piece of great new to not increase petrol prices further will bring happiness.
Petrol Prices Will Reduce
Federal Ministry of State for Petroleum products announced Musadik Malik announced that petrol price will reduce after the govt agreement with Russia. Furthermore, he said petroleum products prices are increased by following the global market rates.
This is necessary to reduce fuel price in Pakistan as it is the major reason the overall prices of routine use products increase. The travelling cost is mattering a lot for seller. After the jump in petroleum products prices of other goods also increase. The inflation is at its peak right now, which put low-income employees in suffer.
Current Petrol Prices In Pakistan
The recent increase in petrol price by Rs 22.20 per liter bring the fuel price into Rs 272 per liter. After the recent increase in petroleum products the new rates of petroleum products are as follow:
Petrol Price is Rs 272/Liter
High-Speed Oil is available for Rs 280/Liter
Kerosene Price is Rs 202.73/Liter
Light-Speed Diesel is for Rs 196.68/Liter
Conclusion
Cheap petrol price is necessarily needing as a lot of people suffer with the recent hike in price due to low monthly income. Government has revised prices of petrol after every 15 days. The recent statement by the ministry department to reduce prices of petrol gives some hope to us but it can be only true once it come to us, and we heard the news of reduce in fuel prices.
