Government Maintains Petrol Prices, Diesel Prices Drop

In a recent announcement, the government has declared that the price of petrol will remain unchanged at Rs. 252.10 per litre for the next two weeks, effective from December 16, 2024. The decision, detailed in an official notification, aims to stabilize fuel costs while offering some relief through reductions in the prices of other fuels.

Revised Fuel Prices

The government has reduced the rates of high-speed diesel, kerosene oil, and light diesel to ease the financial strain on citizens:

• High-Speed Diesel: A reduction of Rs. 3.05 per litre brings the new price to Rs. 255.38.
• Kerosene Oil: A decrease of Rs. 3.32 per litre sets the new rate at Rs. 161.66.
• Light Diesel: The price has been lowered by Rs. 2.78, now costing Rs. 148.95 per litre.

Impact on Consumers

These price adjustments are expected to benefit the public, particularly during the winter season. Kerosene oil, widely used for heating purposes in households, is more affordable following the reduction. Meanwhile, the lowered rates for high-speed diesel and light diesel are anticipated to reduce transportation and industrial costs, providing broad economic relief.

Government’s Objectives

By maintaining petrol prices and decreasing other fuel rates, the government seeks to strike a balance between affordability and accessibility. This move is part of broader efforts to ease the financial burden on citizens during challenging economic times.

The latest measures underscore the government’s commitment to addressing the rising costs of essential commodities while ensuring that essential fuels remain within reach for the general population.

Afsheen Gohar

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