The government is poised to announce further relief in fuel prices, with petrol prices expected to drop by an additional Rs4 per litre for the first half of June 2024. This reduction mirrors a decline in international petroleum prices.
This anticipated cut will mark the third consecutive reduction in fuel prices, resulting in a total decrease of Rs24.85 per litre.
Additionally, the price of high-speed diesel (HSD) is likely to be reduced by around Rs3.5 per litre.
The new fuel prices will be unveiled at midnight on May 31, 2024, and will take effect for the first half of June. This follows a previous fortnight’s reduction in domestic diesel prices by Rs7.88 per litre, marking the second consecutive decrease.
Read: Govt Slashes Petrol by Rs. 15, Diesel Rs. 7.88 per litre
As of May 23, 2024, international petroleum product prices have fallen by $1.68 compared to the previous fortnight, now standing at $96.19. Similarly, diesel prices in the international market have decreased by 83 cents to $98.40.
It’s crucial to note that there are still six trading sessions left before the next pricing update. Therefore, the final prices will be subject to changes based on global market movements and exchange rate fluctuations.
Chief Minister Sohail Afridi of Khyber Pakhtunkhwa (KP) presented a series of complaints to Federal…
Iran's military announced on Monday that its first wave of attacks on Israel since a…
Pakistan's Foreign Office has dismissed recent remarks about Azad Jammu and Kashmir as baseless, stating…
Pope Leo XIV denounced sexual violence by Catholic clergy as a "scourge" ahead of meeting…
Latvia's military announced it shot down a drone that entered its airspace on Monday. This…
Pakistan Railways to Auction 15 Trains for Private Operation Pakistan Railways has announced plans to…
This website uses cookies.
