Islamabad, July 22, 2023 – Pakistan has revealed the revised petroleum prices, effective from July 22, 2023, until July 31, 2023. This latest update comes as a significant measure to alleviate the burden of inflation on the public.
According to the new pricing structure, petrol will now be available at Rs 253 per liter, marking a reduction of Rs 9 from the previous price. Similarly, high-speed diesel has been decreased by Rs 7 and will now be sold at Rs 53.50 per liter.
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In addition to the changes in petrol and high-speed diesel prices, the government has also set the price of kerosene at Rs 164.07 per liter, and light diesel oil at Rs 147.68 per liter, aiming to strike a balance between consumer needs and economic stability.
The decision to revise downward the prices of petroleum products was announced on July 15, 2023, after a careful assessment of the economic situation. The government has taken this step in response to rising concerns over inflation and the economic challenges faced by the citizens.
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This reduction in petroleum prices is expected to provide much-needed relief to the masses, as the cost of transportation and energy has a significant impact on everyday expenses. The government’s move is also aimed at stimulating economic growth by supporting industries that heavily rely on fuel for their operations.
The authorities emphasized their commitment to maintaining a stable and affordable energy market, expressing their determination to monitor global oil prices and make necessary adjustments accordingly.
It is important to note that petroleum prices in Pakistan are subject to fluctuation based on international oil prices, exchange rates, and other market dynamics. The government has pledged to keep a close eye on these factors to ensure the sustainability of the new pricing structure and mitigate the impact of potential future shocks.
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Citizens across the country have expressed gratitude for the government’s timely intervention, as the reduction in petrol and diesel prices will directly alleviate financial burdens on households and businesses alike.
While the updated petroleum prices are set to remain in effect until July 31, 2023, the government assures the public that it will remain vigilant and proactive in addressing economic challenges and implementing measures to support the welfare of its citizens.
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As Pakistan continues to face economic challenges, the government’s commitment to ensuring affordable energy prices demonstrates its determination to prioritize the well-being of the people and foster a stable and prosperous nation.
