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Pakistan Government Decreases Petroleum Prices 16 September 2024
Contents
Pakistan Government Decreases Petroleum Prices
Government Announces Significant Reduction in Fuel Prices
Introduction
In a major relief for Pakistani consumers, the government has announced a substantial decrease in the prices of petroleum products. The new prices will take effect from September 16, 2024.
Key Points
- Price Reductions: The Oil & Gas Regulatory Authority (OGRA) has revised the prices based on international market trends.
- MS (Petrol): The price of petrol has been decreased by Rs. 10 per liter.
- High Speed Diesel (HSD): HSD prices have been reduced by Rs. 13.06 per liter.
- Kerosene (SKO): Kerosene prices have decreased by Rs. 11.15 per liter.
- Light Diesel Oil: The price of light diesel oil has decreased by Rs. 12.12 per liter.
Table of Price Changes
Product | Existing Price (Rs./liter) | New Price (Rs./liter) | Increase/Decrease (Rs./liter) |
---|---|---|---|
MS (Petrol) | 259.10 | 249.10 | -10.00 |
High Speed Diesel (HSD) | 262.75 | 249.69 | -13.06 |
Kerosene (SKO) | 169.62 | 158.47 | -11.15 |
Light Diesel Oil | 154.05 | 141.93 | -12.12 |
FAQs
- When do the new prices take effect? The new prices will be implemented from September 16, 2024.
- What factors influenced the price decrease? The reduction in prices is primarily due to a decline in international oil prices.
- Will the prices remain stable in the future? Price fluctuations in the international market can impact domestic prices. However, the government aims to maintain stability.
- How will this affect the overall economy? The decrease in fuel prices is expected to provide relief to consumers and businesses, boosting economic activity.
Conclusion
The significant reduction in petroleum prices is a positive development for Pakistan. It will alleviate the financial burden on consumers and contribute to economic growth. The government’s decision to pass on the benefit of lower international oil prices to the public is a welcome move.
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