Prime Minister Shehbaz Sharif Thursday slashed the petrol price by Rs18.50 per litre in order to provide maximum relief to the consumers.
Addressing the nation, the premier said that the government had increased the price of petrol after coming into power to meet the conditions laid forth by the International Monetary Fund (IMF), which were agreed by the previous PTI-led government.
However, as the prices are declining in the international market now, the government has decided to pass on the relief to people and, therefore, has decided to reduce the price of petrol and diesel by Rs18.50 and Rs40.54 per litre, respectively.
The new price of petrol will be Rs230.24 per litre while diesel will be available at Rs236 per litre. Meanwhile, petroleum levy has not been increased on all petroleum products.
Following the announcement by the premier, the finance minister said: “PM has just announced a reduction in the prices of petrol of Rs 18.5 per litre [and] in diesel of Rs 40.54 per litre.”
PM has just announced reduction in the prices of petrol of Rs 18.5/litre & in diesel of Rs 40.54/litre. The new price of petrol is Rs 230.24 & diesel is Rs 236/litre from 15/7. Kerosene is reduced by Rs 33.81 to Rs 196.45 & LDO is reduced by Rs 37.71 to Rs 191.44. Alhamdolillah pic.twitter.com/xESSje3KOv
— Miftah Ismail (@MiftahIsmail) July 14, 2022
“The new price of petrol is Rs 230.24 [and] diesel is Rs 236 per litre from [July 15]. Kerosene is reduced by Rs 33.81 to Rs 196.45 [and] LDO is reduced by Rs 37.71 to Rs 191.44, Alhamdulillah,” he wrote on Twitter, sharing a graph of Brent crude oil prices in the international market.
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