Petrol in Pakistan has officially become cheaper than in other South Asian countries.
The price of petrol is now Rs299.78 per litre and High-Speed Diesel (HSD) at Rs311.78 per litre.
After the change in petrol prices, Pakistan has emerged as a regional leader in fuel affordability, with petrol prices lower than India, Bangladesh, China and Sri Lanka.
India Rs336 per litre
Bangladesh Rs317 per litre
Sri Lanka Rs434 per litre
China Rs369 per litre
A day earlier, Prime Minister (PM) Shehbaz Sharif said the government is passing on the benefit of an improved regional economic situation and declining oil prices.
“We are now fulfilling the promise we made to the nation,” the premier said in the statement.
“The price of petrol is being reduced by Rs74 per litre, while diesel is being reduced by Rs67 per litre,” the premier’s statement said.
“We fully understand the hardships faced by the people. You demonstrated extraordinary patience and resilience during these difficult circumstances,” PM Shehbaz noted.
He extended his sincere appreciation to the public for “standing by the government during these challenging times”.
Petrol is mainly used in private transport, small vehicles, rickshaws and two-wheelers, and changes in its price affect the middle and lower-middle classes.
Similarly, changes in diesel prices also impact the public at large, as it is mainly used in the heavy transport sector, power plants and large generators.
