Due to the government’s decision to provide assistance, the price of fuel is projected to drop during the first two weeks of October.
Price reductions of up to Rs 20 per liter are anticipated for petrol and high-speed diesel (HSD), which have seen record-high prices over the last several months.
A decrease in the worldwide price of oil from $101 to $99 per barrel led to the anticipated decline in gasoline costs. As more people utilize private transport, inflation will also decline.
Petrol Price in Pakistan
| Petroleum Product | Price (in Rs) |
|---|---|
| Petrol | Rs 331.38 |
| High-Speed Diesel | Rs 329.18 |
If authorized, the price of petrol would drop between Rs310 and Rs320, while the price of diesel will fall between Rs315 and Rs320.
As the government works to meet the International Monetary Fund (IMF)’s economic goals, fuel prices earlier in September reached a triple century.
Experts predict that successive hikes in gasoline costs would force the closure of many companies in Pakistan, which is experiencing an economic collapse and has already left its struggling citizens preparing for another blow.