The government has reduced the price of high-speed diesel by Rs2 per litre, bringing it to Rs254.64 per litre, says a notification
Employees at a fuel station attend to their customers in Islamabad on February 16, 2022. — AFP/File
No relief for consumers for the next fortnight as the federal government on Thursday announced to keep petrol price unchanged at Rs252.63 per litre following the decision to transfer relief.
The authorities, however, slashed the excessive speed diesel using Rs2 consistent with litre, in keeping with a notification issued by the finance department. The new charge of HSD is now Rs254.64 in step with litre. According to the notification, the price of kerosene has been reduced by way of Rs5.04 to Rs164.65 in line with litre, whilst mild diesel oil has been decreased from Rs155.33 to Rs150.Sixty-five in steps with litres.
The improvement came after the Economic Coordination Committee (ECC) decided to switch comfort from the price reduction of petroleum merchandise to refineries, OMCS (oil marketing agencies), and sellers for the upcoming weeks.
Petrol is specially used in private transportation, small cars, rickshaws, and wheelers. Higher fuel expenses notably impact the budgets of the participants of the centre and decrease-middle training, who typically consume petrol for commuting. On the other hand, a considerable part of the shipping sector relies on high-speed diesel.
Its charge is considered inflationary for the reason that it is predominantly used in heavy items shipping vehicles, vans, buses, trains, and agricultural machinery, inclusive of tractors, tube wells, and threshers.
The consumption of high-speed diesel especially contributes to the elevated costs of veggies and other food products