9/16/2024–|Last update: 9/16/202402:37 PM (Makkah Time)
The government of Pakistan has reduced the price of petrol by Rs 10 ($0.036) per litre and the price of high-speed diesel by Rs 13 ($0.047) per litre.
The decision was made to ease the burden on consumers, the Associated Press of Pakistan reported on Monday.
The government has reduced the price of kerosene by Rs 11.15 ($0.040) per litre and light diesel by Rs 12.12 ($0.044) per litre.
The government announced that from today, the price of petrol will be fixed at Rs 249.10 ($0.90) per litre, and the price of high-speed diesel at Rs 249.69 ($0.90) per litre.
The Oil and Gas Regulatory Authority calculates the consumer price of petroleum products, based on changes in prices in the global market.
Accordingly, the prices of petroleum products will be adjusted for the next two weeks, starting today.
Popular pressure
The Pakistani government has come under pressure from the street in protest over tax increases, high prices and high electricity bills, at a time when the government is seeking a new loan from the International Monetary Fund to revive the country’s ailing economy.
Last month, Pakistan witnessed a general strike, where Closing all types of shops In the country’s major cities.
In late July, the Jamaat-e-Islami Pakistan organized an open sit-in in the city of Rawalpindi, adjacent to the capital Islamabad, demanding that the government implement a number of economic demands to ease the burden on the Pakistani people, including the abolition of the petroleum tax on all petroleum products, and a 20% reduction in the prices of food commodities and electricity and gas fees.
