The federal government is expected to reduce the price of petrol and diesel by approximately Rs. 8.5-9.3 per liter and Rs. 9 per liter, respectively, on August 15, 2024.
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This expected price drop is based on the recent decline in international prices for HSD, petrol, and crude oil, which have fallen to $91, $84, and $82 per barrel, respectively, in the current fortnight. Additionally, the Pakistani rupee has remained stable at 278 during this period. Given these factors, the price of HSD in Pakistan is projected to decrease to Rs. 263.7 per liter, while petrol prices are expected to fall to around Rs. 260-261 per liter.
In the previous fortnight, the government reduced the petrol price by Rs. 6.17 per liter, bringing it down to Rs. 269.43. Similarly, the diesel price was cut by Rs. 10.86 per liter, lowering it to Rs. 272.77.
