Overview
The massive reduction of dollar strength has finally resulted in good and the government of Pakistan has reduced the prices of petrol in Pakistan. After a very long time, we have seen a huge petrol price drop in our country. This is a time to celebrate the reduction in the most important product. The substantial reduction in petroleum products surely reduces the fares of transportation and controls inflation around the country.
Pakistan’s dependency on petroleum products import has major effects on overall routine use product prices. Petroleum product rates matter a lot in rising inflation.
Updated Petrol Prices
The finance division has reduced petrol rates according to the increase in the rupee’s strength against the dollar. Pakistan imports oil from the international market and trade happens in the dollar, which affects prices when it comes to the rupee. After the drop of Rs. 40 per liter the new rates of petroleum products for the next 15 days have been decided as:
- Petrol is now available at Rs 283.38 Per Liter.
- High-speed diesel price dropped by Rs 15 Per Liter and now it costs you Rs. 303.18 Per Liter.
Petrol Price Drop Affect
Petroleum products play a vital role in routine life. Industries required stable petrol rates to manage their routine work. Meanwhile, daily commuters require stability to survive with low income. The overall product rates will be stable due to low transportation costs. The reduction in fuel price always brings happiness. Consequences become in favor of end users after the government decision of massive decline in petrol price.
Conclusion
Pakistan’s economic stability is important for business to grow. The mass up in economic stability reduces the overall revenue of the automotive industry including other businesses. A number of investors cut off their investment in Pakistan due to the continued decline in rupee value. the improvement in fuel rates clearly helps the economy to stabilize its position and provide convenience to end consumers.
