Pakistan’s Government Reduces Petrol Prices by Rs8 in Response to Declining Global Oil Prices
The government of Pakistan has slashed the price of petrol by Rs8 per liter, effective from June 1, 2023. The decision was taken in view of the recent decline in global oil prices.
The new price of petrol will be Rs262 per liter. The price of diesel has also been reduced by Rs5 per litre, and will now be sold at Rs253 per litre.
The reduction in petrol prices is expected to provide relief to consumers and businesses. It is also expected to boost economic activity.
The government has said that it will continue to monitor the situation and take further measures to ensure that the prices of essential commodities remain affordable for the people.