Ishaq Dar reduces petrol price by Rs12.63, Diesel by Rs12.13 for next 15 days
In a surprise move, Finance Minister Ishaq Dar slashed petrol price by Rs12.63 and High-Speed Diesel (HSD) by Rs12.13 for next 15 days.
While addressing a press conference in Islamabad, Finance Minister Ishaq Dar announced to reduce the petroleum product prices (POL).
The new prices of petroleum products made effective from 12am today.
Following the changes in the prices, petrol will now be available for Rs224.80 per litre.
Meanwhile, there is also a decrease of Rs12.13 in the price of high-speed diesel, after which the new price will stand at Rs235.30 per litre. The price of light diesel oil will be Rs191.83 after a decrease of Rs10.19 per litre.
The Finance Minister said that the decision to reduce prices was taken after detailed consultation with Prime Minister Shehbaz Sharif.
Immediately after the announcement of reduction in the prices of petroleum products, Pakistan Muslim League (N) said in a tweet that “More awami [people] relief on its way, Insha’Allah.”
Notably, after 5 years of self-exile, PML-N senior leader Ishaq Dar returned to Pakistan from London to assume the office of Finance Minister.
Ishaq Dar arrived Pakistan from London with Prime Minister Shehbaz Sharif.
Dar said that PML-N supremo Nawaz Sharif and Prime Minister Shahbaz Sharif have given him the responsibilities of the finance minister.