In a welcome development for the citizens of Pakistan, the interim government is poised to bring some respite from escalating living costs as it contemplates a reduction in petrol prices from the commencement of the new year.
Sources privy to the development said that the expected drop in petrol prices could reach Rs1.72 per litre in the first half of January 2024.
This move comes in response to the recent fluctuations in international oil prices, marking the third consecutive reduction in recent months.
While petrol consumers are likely to enjoy this relief, diesel prices are expected to witness a moderate increase ranging from Rs1 to Rs1.30 per litre, according to insiders privy to the decision-making process.
Current petrol and diesel prices
In the previous fortnight's review, the interim government, in a decisive move, reduced petrol prices by Rs14 and diesel prices by Rs13.50. This proactive approach has been lauded by citizens as a step towards easing the burden on their wallets during these challenging times.
Current petrol and diesel prices as of December 15 stand at Rs267.34 and Rs267.21, respectively, according to a notification shared by the Finance Division.
