The government reduces petrol price, providing relief, while diesel cost hike may increase public transport expenses.
Islamabad: (RightNow) The government has reduced the petrol price and increased the diesel cost. According to the notification, the petrol price is decreased by Rs 2.71 per liter.
The notification issued by OGRA sets the new petrol price at Rs 379.31 per liter. The high-speed diesel price is increased by Rs 0.31 per liter.
The new diesel price is Rs 390.11 per liter. The reduction in petrol price will provide relief to vehicle owners, while the diesel hike will affect freight.
The new petroleum product prices will be effective from October 22. This move is likely to increase public transport costs.
It is noteworthy that petroleum product prices are determined by global market rates, government taxes, and other factors.
