[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]In its bi-weekly price review of petroleum products conducted on Wednesday, the Ministry of Finance announced that it will maintain the current rates for petrol and High-Speed Diesel (HSD). The Ministry clarified that petrol and high-speed diesel prices will remain constant, while the prices of kerosene oil and light diesel oil will decrease by Rs3.82 per liter and Rs3.40 per liter, respectively.
To elaborate, this means that the price of petrol will stay at its current level of Rs283.38 per liter, and high-speed diesel will continue to be priced at Rs303.18 per liter. In contrast, kerosene oil will see a reduction of Rs3.82 per liter, resulting in a new price of Rs211.03 per liter, down from its previous rate of Rs214.85 per liter. Similarly, the cost of light diesel oil will decrease by Rs3.40 per liter, with the updated rate set at Rs189.46 per liter, down from its prior rate of Rs192.86 per liter.
Previous Price: Petrol Prices Drop By Rs.40 Per Litre in Pakistan
Petrol is primarily used in motor vehicles and serves as an alternative to compressed natural gas (CNG), particularly in Punjab, where locally produced gas is unavailable at CNG filling stations. Diesel is extensively utilized in the transportation and agricultural sectors, and any increase in its price has a significant inflationary impact.
Kerosene oil is commonly employed for cooking purposes in remote areas, especially in the northern regions of the country where liquefied petroleum gas (LPG) is not readily accessible for cooking. Additionally, the Pakistan Army is a significant user of kerosene oil in these areas.[/vc_column_text][/vc_column][/vc_row]
