Ishaq Dar announces 8-rupee cut in petrol price

Published May 31, 2023
Finance Minister Ishaq Dar speaks in a video address on Wednesday. — DawnNewsTV
Finance Minister Ishaq Dar speaks in a video address on Wednesday. — DawnNewsTV

Finance Minister Ishaq Dar announced on Wednesday that the price of petrol was being reduced by Rs8 and high-speed diesel (HSD) by Rs5 per litre for the next fortnight.

The new prices of petrol and HSD are Rs262 and Rs253 per litre, respectively.

The price of light diesel oil (LDO) was also slashed by Rs5 per litre to Rs147.68 while the price for kerosene oil remained unchanged at Rs164.07.

In a video address, he said that there was no substantial change in the international prices of petroleum products in the last 15 days and neither had the rupee appreciated against the dollar.

“But the government tried to create as much room as possible to provide relief to the people,” the finance minister said.

The cuts come on the heels of a previous round of price reductions in the prices of petrol, HSD and LDO on May 15 by Rs12, Rs30 and Rs12, respectively.

While announcing these cuts in prices, Dar had also requested transporters and other departments that use diesel to forward relief to the public in the form of lower fares so that every segment of the economy could benefit from the development.

Opinion

Editorial

Military option
Updated 21 Nov, 2024

Military option

While restoring peace is essential, addressing Balochistan’s socioeconomic deprivation is equally important.
HIV/AIDS disaster
21 Nov, 2024

HIV/AIDS disaster

A TORTUROUS sense of déjà vu is attached to the latest health fiasco at Multan’s Nishtar Hospital. The largest...
Dubious pardon
21 Nov, 2024

Dubious pardon

IT is disturbing how a crime as grave as custodial death has culminated in an out-of-court ‘settlement’. The...
Islamabad protest
Updated 20 Nov, 2024

Islamabad protest

As Nov 24 draws nearer, both the PTI and the Islamabad administration must remain wary and keep within the limits of reason and the law.
PIA uncertainty
20 Nov, 2024

PIA uncertainty

THE failed attempt to privatise the national flag carrier late last month has led to a fierce debate around the...
T20 disappointment
20 Nov, 2024

T20 disappointment

AFTER experiencing the historic high of the One-day International series triumph against Australia, Pakistan came...