The federal government has decided to keep the petrol price steady for the next two weeks. However, they have slightly reduced the price of high-speed diesel.
According to the latest notification, the price of petrol will remain Rs 252.63 per liter, the same as the previous fortnight. On the other hand, the price of high-speed diesel has dropped by Rs 2 per liter, bringing the new rate to Rs 254.64 per liter.
These new prices will be effective from May 16 to May 31.
Earlier, on April 30, the government had cut the prices of both petrol and diesel by Rs 2 per liter. At that time, petrol was set at Rs 252.63 per liter, while diesel was priced at Rs 256.64 per liter.
Meanwhile, on April 15, Prime Minister Shehbaz Sharif stated that the government would not further reduce fuel prices. Instead, he explained that the benefits of falling global oil prices would be passed on to the public through development projects. He emphasized that the savings from lower international fuel costs would be used for public welfare initiatives.
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