Business
Govt Announces Slight Reduction in Petroleum Prices
In a welcome move, the federal government has announced a slight reduction in the prices of petroleum products, providing relief to consumers.
According to a notification issued by the Finance Ministry, the price of petrol has been decreased by Rs. 5.45 per liter to Rs. 288.49, while the price of high-speed diesel has been cut by Rs. 8.42 per liter to Rs. 281.96. The new prices will be applicable from May 1.
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This reduction comes after the last fortnightly review of petroleum prices, where the price of petrol was increased by Rs. 4.53 per liter, while the price of high-speed diesel went up by Rs. 8.14 per liter.
The slight reduction in petroleum prices is expected to have a positive impact on the economy and provide relief to consumers who have been bearing the brunt of high fuel costs.
