Govt slashes fuel, diesel costs by Rs22 a litre

The federal government announced a major cut in fuel and diesel prices, bringing respite to the public on the third day of Eid.

Prime Minister Shehbaz Sharif had assured the public that relief would be delivered as soon as fiscal room was available and the government has now met his commitment, a statement published by the Prime Minister’s Office stated.

It said petrol prices have been decreased by Rs 22 per litre and diesel prices has been reduced by Rs 22 per litre.

Petrol Rs381.78, diesel Rs380.78/litre after Rs22 cut

“Relief to the public is my top priority,” said Prime Minister Shehbaz Sharif, adding that the government had announced similar cutbacks last week.

Even under the terrible economic situations, the government continued to give relief for the consumers with subsidies for public transport, goods transport, motorcyclists and rickshaw users, the statement further said.

It said Pakistan had secured availability of fuel in times of lineups in other nations and credited the maintenance of supply to the prompt decisions taken by the administration.

When the global oil crisis started, the government had provided subsidies of more than Rs130/litre to prevent steep hikes in domestic costs of gasoline, despite growing international rates, it said, adding that the benefit was transferred directly to the people.