Major Fuel Price Reduction Anticipated
Pakistanis may soon get much-needed relief as petrol and diesel prices are expected to drop significantly in the upcoming fuel price revision. Reports suggest that:
- Petrol prices could decrease by Rs12 per litre
- High-speed diesel might see a reduction of Rs8 per litre
Relief Amid Easing Inflation
The expected price cut comes as inflation in Pakistan shows signs of decline. Citizens are hopeful that the government will approve the reduction, offering financial relief amid rising living costs.
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Official Announcement on March 15
The revised fuel prices will be announced on March 15 and take effect from March 16. If approved, the new rates could be:
- Petrol: From Rs255.63 to Rs247.63 per litre
- Diesel: From Rs254.64 to Rs246.64 per litre
Factors Behind the Price Reduction
Industry sources highlight that the decline in global oil prices and domestic economic adjustments have contributed to this possible price cut. Meanwhile, discussions continue between oil companies and regulators regarding local refinery agreements, which could influence future pricing policies.
Despite these uncertainties, millions of consumers remain optimistic that the government will approve the new rates, bringing financial relief to households and businesses across the country.
