[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]The federal government announced a decrease in the price of petroleum products on Wednesday.
Finance Minister Ishaq Dar made the announcement at a press conference. The price of petrol has been reduced by Rs. 8 per litre, while the price of diesel has been reduced by Rs. 5 per litre.
The government reduced the price of all petroleum products in the most recent fortnightly review, with petrol falling by Rs. 12 per litre and high-speed diesel (HSD) falling by Rs. 30 per litre.
Also Read: Govt slashes petrol price by Rs12 per litre
The increase in the price of petroleum products, such as petrol and HSD, over the last year has been a major contributor to the high weekly inflation. According to the most recent Pakistan Bureau of Statistics (PBS) data, weekly inflation was 45.49 percent year on year (YoY) for the week ending May 25, 2023.[/vc_column_text][/vc_column][/vc_row]
