ISLAMABAD: Finance Minister Ishaq Dar on Saturday announced to cut petrol price by Rs9 per litre and high speed diesel (HSD) by Rs7 for next fortnight with effect from July 16.
Finance Minister Ishaq Dar in his televised statement announced that Prime Minister Shehbaz Sharif and his government are striving to provide maximum relief to the masses on the basis of decrease in the prices of petroleum products in the international market.
Petroleum Products Prices:
July 16 to July 31, 2023:REDUCTIONS:
MS Petrol—with Rs 9 per litre reduction, new price Rs 253 per litre.
High Speed Diesel —with Rs 7 per litre reduction, new price Rs 253.50 per litre.
— Ishaq Dar (@MIshaqDar50) July 15, 2023
Dar added that in the next fortnight (July 16-31), the price of petrol is reduced by Rs9 per liter to Rs 253 per litre. The rate of HSD is reduced by Rs7 per litre to Rs253.50.
The finance minister did not announce any changes in the price of kerosene oil or light-diesel oil. The new prices will come into effect at midnight.
He said that despite an uptick in price of one of the two products in international market, “the increase was offset due to rupee appreciation over past few days.
On July 1, Dar had kept the petrol price unchanged at Rs262 per litre and hiked HSD by Rs7.5 per litre to Rs260.5.
He had said the decision to increase the HSD price was made considering the rising prices of petroleum products in the international market at the time.
