The government has provided further relief to the public by reducing the prices of kerosene oil and light diesel oil.
According to an official notification, the price of kerosene oil has been lowered by Rs12.32 per litre, resulting in a new price of Rs180.54 per litre. Similarly, the price of light diesel oil has been lowered by Rs10.51 per litre, after which the new price of light diesel has been fixed at Rs153.26 per litre.
While the per-litre price of petrol has been kept unchanged at Rs263.45, the price of high-speed diesel has also been reduced by Rs14 per litre, the notification said, adding that high-speed diesel is now priced at Rs265.65 per litre.
The new prices were approved by Prime Minister (PM) Shehbaz Sharif for the next 15 days, after which the notification was released. It stated that the new prices will come into effect from today (Tuesday) and will remain applicable for the next fortnight.
The government’s action has been viewed by the public as a step in the right direction toward reducing inflationary pressure.