Overview
The caretaker government does not fulfill the expectations of petrol price reduction. Petrol rate remains unchanged for the next 15 days. Meanwhile, the diesel price become low. As per the global market experience, we expect a fuel rate reduction. But it seems the officials have some other adjustment with petrol rates. The good part of this news is the fuel budget will not increase. The motorist can keep their budget untouched.
Citizens are waiting to get some reduction in fuel because petroleum products are getting cheaper in the international market. Petroleum products rates affect the overall Pakistani market. The price of goods becomes cheaper and higher with the rates of fuel.
Updated Diesel Price
Petrol price does not change but Diesel become cheaper. The price has been reduced by Rs. 7 per liter. It means commercial vehicles and the agriculture sector can benefit from this relief. Similarly, Kerosene oil received a drop of Rs. 3.82 per liter in the previous price. the Light Diesel oil gets a reduction of Rs. 4.52 per liter. the surprising move in diesel prices makes easiness for different sectors to depend on these petroleum products.
Petrol Price
The price of petrol remains standing at Rs. 281.34 per liter. citizens are waiting for petrol rate reduction because it makes the major impacts on day to day operations. The most important thing is it can reduce the expenses of daily commuters.
Conclusion
The government has announced a price reduction only for diesel. Petrol prices remain unchanged. However, it’s better that prices not increase. The announcement might reduce the burden on the business sector depending on diesel. These prices will remain for the next 15 days.
