For the third consecutive fortnight, petrol and diesel prices are expected to decrease by approximately Rs5-6 per liter in Pakistan, starting September 1. This reduction is primarily due to the decline in international market prices.
Key Points:
- Petrol prices may drop by Rs5-5.50 per liter
- Diesel prices may decrease by Rs5-6 per liter
- International market prices have fallen by $2-2.30 per barrel
- Exchange rate and tax rates will impact final price reduction
- Current prices: Petrol (Rs260.96/liter), Diesel (Rs266.07/liter)
Impact:
- Reduced fuel prices will affect the budget of middle and lower-middle classes
- Transport sector, which relies heavily on diesel, may see some relief
- Prices of essential commodities, like vegetables, may not reflect the fuel price drop
Government Revenue:
- Petroleum levy increased to Rs70 per liter to collect Rs1.28 trillion in the next fiscal year
- Current taxes: Rs78 per liter (petrol and diesel), Rs60 per liter (PDL), Rs18 per liter (custom duty)
Stay Informed:
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