Ishaq Dar announces 10-rupee cut in petrol prices

Published December 15, 2022
<p>Finance Minister Ishaq Dar makes an important announcement to the nation on Thursday. — DawnNewsTV</p>

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.

Now you can follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Vox populi
22 Mar, 2023

Vox populi

History will not judge kindly those who throw the laws of this land in the bin to keep just one man away from power.
Iraq’s wounds
22 Mar, 2023

Iraq’s wounds

TWO decades after the US military machine — aided by the ‘Coalition of the Willing’ — stormed into Iraq, ...
Mental health epidemic
22 Mar, 2023

Mental health epidemic

THERE are mounting stressors in the day-to-day existence of average Pakistanis. Rising inflation and unemployment...
Petroleum subsidy
Updated 21 Mar, 2023

Petroleum subsidy

The govt seems more interested in reviving its political capital through ad hoc measures rather than fixing economy.
Country on edge
Updated 21 Mar, 2023

Country on edge

In this war of petty egos, ordinary people cannot continue to suffer.
Afghan funding cut
21 Mar, 2023

Afghan funding cut

AS the world grapples with multiple crises, the miseries of the people of Afghanistan seem to have been relegated to...