The Federal Government is likely to reduce Petrol Prices in Pakistan for the next fortnight from 1 June 2023, which is going to provide a much needed relief to the distressed population who are facing the brunt of record inflation.
As per media reports, the Price of Petrol in Pakistan will likely drop by Rs. 10-12 per litre for the next fortnight, while the Price of High-Speed Diesel (HSD) might get a reduction of Rs. 4-5 per litre for the first half of June.
However, the final decision will be made by Finance Minister Ishaq Dar and other officials after consultation with Prime Minister Shehbaz Sharif.
During the last fortnight review, the Federal Government reduced the Price of Petrol in Pakistan by Rs. 12 per litre, while the Price of High-Speed Diesel (HSD) was slashed by Rs. 30 per litre.
Petrol Prices in Pakistan W.E.F 16 May 2023
| PRODUCT | OLD PRICE (PKR) | NEW PRICE (PKR) | CHANGE (PKR) |
|---|---|---|---|
| Petrol | 282.00 | 270.00 | -12.00 |
| High Speed Diesel (HSD) | 288.00 | 258.00 | -30.00 |
| Kerosene Oil | 176.07 | 164.07 | -12.00 |
| Light Diesel Oil (LDO) | 164.68 | 152.68 | -12.00 |
Read more: Dollar Rate in Pakistan (Daily Updates).
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