Big Relief In Petrol and Diesel Prices Expected in Pakistan

The caretaker government has made a significant move to alleviate the burden on petroleum consumers in the first half of October by anticipating a substantial drop in the prices of petrol and diesel.

Read More; Petrol Price Increased in Pakistan – New Petrol and Diesel Price for 1st Sept 2023

Reports suggest that due to the strengthened position of the US dollar, the interim government is set to announce a reduction of up to Rs12 per litre in fuel prices. This news comes as a welcome relief, especially in the face of current high inflation rates.

The price of high-speed diesel (HSD) is expected to see a noteworthy decrease of Rs9.17 per litre. This is particularly good news for the people of Pakistan, given the prevalent inflationary environment.

The potential reduction in diesel prices carries the promise of helping to control inflation, especially as diesel plays a crucial role in both the transport and agricultural sectors. This development will be especially beneficial for agriculture and transport.

Furthermore, the Pakistani Rupee (PKR) has continued its upward trend against the US dollar. This positive movement is attributed to the government’s efforts to clamp down on hoarding and smuggling activities.