ISLAMABAD: The caretaker government has decreased the price of petrol by Rs64.04 per litre and diesel by Rs52.99 per litre during the last three months.
A chart shared by the Ministry of Energy and Petroleum on the official social media account shows that the price of petrol at Ex-depot was Rs. 331.38 per litre in October, and now, the price has decreased to Rs267.34 per liter in the current month, directly benefiting consumers and alleviating the financial burden on fuel expenses.
Similarly, the price of diesel in October was Rs329.18 per litre and has now dropped to Rs276.19 per litre, providing consumers with a benefit of Rs52.99.
The drop in the price of petroleum products is expected to contribute significantly to easing the financial impact on consumers. These reductions are anticipated to have positive implications for various sectors of the economy, offering a reprieve to consumers and businesses alike.
Bus fares reduced by 7%
After a reduction in the prices of petroleum products, transport owners have also decreased bus fares by 7%.
The Punjab Regional Transport Authority (RTA) secretary said that transport owners had been asked to reduce bus fares in proportion to the reduction in petrol prices and they agreed to decrease the fares.
The secretary said a new fare list was being prepared and it would be provided to transport owners and banners of new fares would also be displayed at bus stands.
The consumers received a welcome surprise on Friday as the caretaker government announced a significant reduction in fuel prices, slashing the cost of petrol by Rs14 and high-speed diesel (HSD) by Rs13.50 per litre for the next fortnight.
