The possibility of reducing fuel prices in the country has increased after a decline in petroleum product prices in the global market.
An announcement of a possible reduction in petroleum product prices in the country is expected on June 1. The petrol and diesel prices may decrease by up to Rs4 each respectively, reports said.
The decline in global petroleum product prices and the subsequent impact on domestic fuel prices is being closely monitored by the relevant authorities.
This development comes in the wake of the country’s efforts to provide relief to consumers amidst the rising cost of living.
The impending price adjustments are expected to provide some respite to the public, who have been grappling with the burden of high fuel prices in recent months.
Earlier this month, the government slashed the prices of petrol and high-speed diesel by Rs15.39 and Rs7.88, respectively, for the next fortnight.
Fuel prices are determined by a number of factors including international prices, the Pakistani rupee’s exchange rate and the amount of tax levied by the government.
One time, I was sitting with a few senior bureaucrats, and they were continuously blaming…
It appears that the new Trump administration may soften its policies about nuclear non-proliferation because…
The last news cycle saw Kabul unleash a flurry of kneejerk reactions, summoning Pakistani diplomat,…
Deja vu or yet another sign of the moral decay that defines us? After suffering…
Pakistan faces the daunting task of transforming its large number of young people into a…
In recent times, there has been increasing negative propaganda surrounding Quaid-e-Azam Muhammad Ali Jinnah, particularly…
Leave a Comment