In the upcoming fortnightly review, there are strong indications that theprices of petroleum products will experience a noteworthy reduction, set totake effect on October 1. According to insider reports, the anticipatedadjustments may see a decrease of Rs15 per litre for petrol, Rs10 per litrefor high-speed diesel, and Rs8 per litre for kerosene.
The potential relief in petroleum product prices stems from recent hints bya government minister suggesting a forthcoming decline in petrol prices,attributed in part to the appreciation of the rupee.
However, it’s important to note that the ultimate decision regarding theseprice adjustments will be made by Caretaker Prime Minister Anwaarul HaqKakar, in close consultation with the Ministry of Finance.
Caretaker Information Minister Murtaza Solangi, in a statement made onSeptember 23, shed light on the strategies employed to achieve thisreduction. He emphasized that effective measures had successfully loweredthe value of the dollar, resulting in a remarkable reduction ofapproximately Rs35. This reduction in the dollar’s value played a crucialrole in enabling the government to secure petrol at a lower cost,ultimately benefiting consumers.
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In summary, the forthcoming fortnightly review promises potential relief inpetroleum product prices, with significant reductions expected for petrol,high-speed diesel, and kerosene. This optimism has been fueled by hintsfrom government officials, emphasizing the role of the strengthening rupeeand effective measures in achieving these price adjustments.
However, the final decision rests in the hands of Caretaker Prime MinisterAnwaarul Haq Kakar, who will collaborate closely with the Ministry ofFinance to determine the extent of these reductions.
