Keeping in view the declining price trend in international market, the federal government on Wednesday reduced the prices of all petroleum products with effect from December 16 for next fortnight.
“The government has decided to revise the existing prices of petroleum products in view of the declining price trend of petroleum products in global market and transform the impact to the masses,” said a press statement issued by the finance ministry.
Accordingly, the price of petrol has been reduced by Rs5 per liter, which would be now sold at Rs140.82 against its sale at Rs145.82.
Latest petrol price in Pakistan – @thenews_intl
The government on Wednesday decided to slash the price of petroleum products by as much as Rs7.01, a move that will ease the burden on the inflation-weary populace. #Pakistan #economy #PetrolPrice #PetrolDieselPrice pic.twitter.com/L9w8qq72DA
— Capital Stake (@CapitalStake) December 15, 2021
Likewise, the price of high speed diesel has been cut by Rs5 per liter, from Rs142.62 to 137.62 per liter whereas the prices of kerosene oil has been decreased by Rs7 per liter, from Rs116.53 to Rs109.53.
The government decreased the prices of light diesel oil by Rs7.01 per liter which would be now sold at Rs107.06 against its sale at Rs114.07 per liter.
Inflation is going down
Minister of State for Information and Broadcasting Farrukh Habib on Friday said that the prices of edible items were declining in third consecutive week that ended on December 9 as compared to same period last year.
In a tweet, he said the price of tomato was reduced by 13.37 percent, chicken by 10.59 percent, potato by 4.48 percent, LPG price fell by 2.96 percent, sugar by 1.03 percent, Gurr by 0.51 percent, flour by 0.46 percent, mustard oil by 0.27 percent and price of eggs was decreased by 0.26 percent as comparing to last year.
Read more: 92% Pakistanis convinced inflation at its highest: Transparency Int’l
Due to administrative measures the price of onion was dropped by 31.99 percent, tomato by 27.61 percent, pulse moong by 25.03 percent, potato by 17.64 percent, chicken by 12.80 percent, eggs prices were dropped by 6.28 percent as compared to same period last year.
APP with additional input by GVS News Desk