The federal government has announced a substantial reduction in fuel prices for May 2024. Petrol prices have been cut by Rs15.39, bringing the new rate to Rs273.10 per litre. Additionally, high-speed diesel prices have decreased by Rs7.88, now costing Rs274.08 per litre. Light diesel oil has also seen a reduction of Rs7.54, making the new price Rs161.17 per litre.
Petrol Price in Pakistan (May 2024):
- Petrol: Rs273.10
- High-Speed Diesel: Rs274.08
These price adjustments reflect efforts to provide financial relief to the public amid fluctuating international market rates. The government’s decision aims to ease the economic burden on consumers by aligning local prices with global trends.