Ishaq Dar announces 10-rupee cut in petrol prices

E-Paper | October 24, 2026

Ishaq Dar announces 10-rupee cut in petrol prices

Dawn.com Published December 15, 2022

Finance Minister Ishaq Dar makes an important announcement to the nation on Thursday. — DawnNewsTV

Finance Minister Ishaq Dar announced on Thursday that the price of petrol was being cut by Rs10 and diesel by Rs7.5.

In a televised address, he said: “At this moment, the prime minister wants us to pass maximum relief to the public and we have been implementing that since Oct 30.

“According to our calculations, petrol prices will be reduced by Rs10 to Rs214.8 after midnight. [The price of] high-speed diesel will be decreased by Rs7.5 to Rs227.80,” he said.

Dar said that Kerosene oil will now cost Rs171.38 after an Rs10 decrease and the price of light diesel oil will be reduced by Rs10 to Rs169 per litre.

The price cut will go into effect at midnight tonight.

The government had previously kept the prices of all petroleum products unchanged on Oct 15, Oct 30, and Nov 15.

Earlier on Nov 30, the price of kerosene oil was slashed by Rs10 while the price of light diesel oil was reduced by Rs7.5 per litre.

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Fastrack

Dec 15, 2022 09:41pm

Can we stop begging yet?

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Fastrack

Dec 15, 2022 09:42pm

Dar gives befitting reply to combustion engine

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Ashley

Dec 15, 2022 09:43pm

It’s clear government is going to announce elections soon and default is happening. They know IMF deal is not happening. Imran messed up economy big time and there was no way for PDM to save it, so they are giving up.

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Amir

Dec 15, 2022 09:44pm

thank you imran khan :)

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Ghani K

Dec 15, 2022 09:46pm

Pakistan making miraculous recovery - Economic wizard Dar found the solution.

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Asad Shah

Dec 15, 2022 09:46pm

Great news. Thank you

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Ghani K

Dec 15, 2022 09:48pm

Hurrah, happy days are here again.

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nouman

Dec 15, 2022 09:50pm

Just drama to act like they care. Petrol price has been lower on the international market for a while now. This cut should have been months ago.

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Soothsayer

Dec 15, 2022 09:51pm

WOW! That should save the nation.

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ilyas kashmiri

Dec 15, 2022 09:51pm

Oil is already cheap in the world market.

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Independent

Dec 15, 2022 09:54pm

wow!!! On one side there are low forex reserves and has to buy crude from some other country. Darnomics may work in electoral Pakistan, but there will be issues continue. Another round of begging will begin.

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Adam

Dec 15, 2022 09:55pm

Now his master is coming back he has to try and put a positive spin on things. If it goes up by 60 rupees and then goes down by 10 rupees are people going to be impressed. I don't think so

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Ibrahim S

Dec 15, 2022 09:58pm

A calm before the storm ?

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Asma

Dec 15, 2022 10:03pm

It should be under 100 rs as PDM promised.

Recommend 0

Dec 15, 2022 10:03pm

Why? Where will the money come from

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M. Emad

Dec 15, 2022 10:04pm

IMF loan --- 10 months Delay.

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Denali

Dec 15, 2022 10:07pm

Another Band Aid - the Economy is in free fall and IMF is not interested in helping

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Frank

Dec 15, 2022 10:11pm

More gimmicks by the Sharifs. Do they still work on the electorate though?

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rubia

Dec 15, 2022 10:15pm

very good

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Lutera

Dec 15, 2022 10:17pm

All this when IMF review is pending. Say goodbye to the next tranche

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Alrehan

Dec 15, 2022 10:18pm

Finally we have won from Ishaq dar in last 3 months we suffered a lot finally some relief.

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Ehteshamul Haque

Dec 15, 2022 10:20pm

Get real Dar Sb. People are not able to feed the family because of the cost of basic necessities........ They are looking for a roti and not biryani...

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rubia

Dec 15, 2022 10:21pm

right

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Gulabi Peerni

Dec 15, 2022 10:21pm

Elections coming soon.

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Amin

Dec 15, 2022 10:22pm

Thank you Finance Minister. I am so rich now!

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Farrukh

Dec 15, 2022 10:36pm

What a joke. The price of oil has gone down by more then 25%. You are fooling the nation with Rs.10. But again we have to ask ourself, why is he at the position in the first place?

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Simba

Dec 15, 2022 10:36pm

With sky high prices and 30%+ inflation, 10 rupee reduction is a pathetic response to the pain felt by the people.

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Javed

Dec 15, 2022 10:39pm

All is forgiven and forgotten. Now where am I going to spend these 10 rupees.

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bhaRAT©

Dec 15, 2022 10:40pm

He also announced dollar will be below 200 after he waves his magic wand!!

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Madaiyan

Dec 15, 2022 10:49pm

This is a good way to increase the value of PKR by another 20 Rupees. PKR will touch new heights! May 300 in couple of months!

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Abid

Dec 15, 2022 10:59pm

Good, the Current government endeavoring to get relief to the masses.

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Shan

Dec 15, 2022 11:28pm

This is amazing governance. Dar rocks.

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Ikram Hussain

Dec 15, 2022 11:33pm

Good decision

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Neutral

Dec 15, 2022 11:52pm

Short term solutions are like band-aid. Economy needs a major surgery.

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Changez Khan

Dec 15, 2022 11:52pm

Oil will be well above $100 in January.

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Enlightened One

Dec 16, 2022 12:05am

Still unaffordable to common people!

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Observer

Dec 16, 2022 12:09am

The crude oil price has gone down drastically in the international market over last several months.

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Syed ji

Dec 16, 2022 05:51am

time to buy a mansion with the savings of 10 rs per liter.

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Johny

Dec 16, 2022 06:00am

The wanted are runing Pakistan!

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abu

Dec 16, 2022 06:12am

Lets go Imrans way !! 10 reduce now so later can increase 50 !!

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Rain King

Dec 16, 2022 06:23am

Goodbye IMF

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DEMAGOGUE

Dec 16, 2022 06:38am

Don’t need your Rs 10 cut. Rather add Rs 10. But somehow clear the debts & loan. Save our nation from default.

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M. Emad

Dec 16, 2022 06:54am

War with IMF in the 'Month of December'.

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Amjad Durrani Engineer New York, USA

Dec 16, 2022 07:03am

It is hoped that this cosmetic reduction in POL price carries trait approval of IMF.

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Aman

Dec 16, 2022 07:25am

wow.... what a big deal!

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Dr. Maleria

Dec 16, 2022 07:39am

Bye bye IMF loan

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Dr. Maleria

Dec 16, 2022 07:40am

Who cares about loan repayment... more tax collection.... we just need to win election...

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Ali

Dec 16, 2022 08:09am

Elections round the corner.

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Struggling Pakistani

Dec 16, 2022 08:19am

“Slashed” by Rs. 10 PKR for “maximum relief”… What a JOKE!

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MOAZ

Dec 16, 2022 08:25am

Yes 10 rupee is a drop in the bucket. Do these PDM crooks thing they can fool all the people all the time

Recommend 0

Dec 16, 2022 08:26am

What kind of people are these? They destroyed the country and still continue to do the same

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MOAZ

Dec 16, 2022 08:48am

Big achievement by Dar after 6 months pf PDM rule in the country

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Truth

Dec 16, 2022 10:57am

Thank you Neutrals

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Philosopher (From Japan)

Dec 16, 2022 11:59am

Good going Dar...a big slap on Niazi.

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Pakistani1

Dec 16, 2022 01:01pm

Please focus on living within means.

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Saif Zulfiqar

Dec 16, 2022 01:04pm

Even nowadays beggars do not accept R/s.10/= .

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