Pakistan Cuts Petrol Prices When Intl Rates Rose

The government of Pakistan, second time in a month, announced to slash the price of petrol by Rs 1.79 and the price of diesel by Rs 2.32 taking the total reduction in petrol price by Rs 3.34 in a month and that too at an hour when international prices for crude oil reported a rise.

In the international market, oil surged to the highest level in a month breaking out of a weeks-long holding pattern, reported Bloomberg.

The announcement was made by the Federal Minister for Finance Hammad Azhar on Twitter.

“The Prime Minister has approved a reduction in petrol prices by Rs 1.79 and the price of diesel by Rs 2.32 applicable from tomorrow”, shared the minister.

The Prime Minister has approved a reduction in petrol prices by Rs 1.79 and the price of diesel by Rs 2.32 applicable from tomorrow.
Reductions in kerosene and light diesel oil too as per below: pic.twitter.com/ubT0Re7j6t

— Hammad Azhar (@Hammad_Azhar) April 15, 2021

Following the reduction in prices, petrol will be sold at Rs 108.56 per liter from April 16.

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Additionally, the premier has also approved the reduction in other petroleum products.

High-Speed Diesel (HSD) will be sold at 110.76 while Kerosine at 80.00 per liter after a reduction of Rs 2.06 in previous rates.

Meanwhile, Light Diesel Oil will be available at Rs 77.65 per liter after a reduction of Rs 2.21.

Earlier on March 31, the government reduced the prices of petrol by Rs 1.55 per liter for a fortnight beginning on April 1.

This follows the reduction in prices of Rs 1.55 for petrol and Rs 3 for diesel announced by the government on 1st April.

— Hammad Azhar (@Hammad_Azhar) April 15, 2021