Ishaq Dar announces 10-rupee cut in petrol prices
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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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Comments (56) Closed
Dec 15, 2022 09:41pm
Can we stop begging yet?
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Dec 15, 2022 09:42pm
Dar gives befitting reply to combustion engine
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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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Dec 15, 2022 09:44pm
thank you imran khan :)
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Dec 15, 2022 09:46pm
Pakistan making miraculous recovery - Economic wizard Dar found the solution.
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Dec 15, 2022 09:46pm
Great news. Thank you
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Dec 15, 2022 09:48pm
Hurrah, happy days are here again.
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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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Dec 15, 2022 09:51pm
WOW! That should save the nation.
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Dec 15, 2022 09:51pm
Oil is already cheap in the world market.
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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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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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Dec 15, 2022 09:58pm
A calm before the storm ?
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Dec 15, 2022 10:03pm
It should be under 100 rs as PDM promised.
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Dec 15, 2022 10:03pm
Why? Where will the money come from
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Dec 15, 2022 10:04pm
IMF loan --- 10 months Delay.
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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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Dec 15, 2022 10:11pm
More gimmicks by the Sharifs. Do they still work on the electorate though?
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Dec 15, 2022 10:15pm
very good
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Dec 15, 2022 10:17pm
All this when IMF review is pending. Say goodbye to the next tranche
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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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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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Dec 15, 2022 10:21pm
right
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Dec 15, 2022 10:21pm
Elections coming soon.
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Dec 15, 2022 10:22pm
Thank you Finance Minister. I am so rich now!
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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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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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Dec 15, 2022 10:39pm
All is forgiven and forgotten. Now where am I going to spend these 10 rupees.
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Dec 15, 2022 10:40pm
He also announced dollar will be below 200 after he waves his magic wand!!
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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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Dec 15, 2022 10:59pm
Good, the Current government endeavoring to get relief to the masses.
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Dec 15, 2022 11:28pm
This is amazing governance. Dar rocks.
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Dec 15, 2022 11:33pm
Good decision
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Dec 15, 2022 11:52pm
Short term solutions are like band-aid. Economy needs a major surgery.
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Dec 15, 2022 11:52pm
Oil will be well above $100 in January.
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Dec 16, 2022 12:05am
Still unaffordable to common people!
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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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Dec 16, 2022 05:51am
time to buy a mansion with the savings of 10 rs per liter.
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Dec 16, 2022 06:00am
The wanted are runing Pakistan!
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Dec 16, 2022 06:12am
Lets go Imrans way !! 10 reduce now so later can increase 50 !!
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Dec 16, 2022 06:23am
Goodbye IMF
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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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Dec 16, 2022 06:54am
War with IMF in the 'Month of December'.
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Dec 16, 2022 07:03am
It is hoped that this cosmetic reduction in POL price carries trait approval of IMF.
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Dec 16, 2022 07:25am
wow.... what a big deal!
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Dec 16, 2022 07:39am
Bye bye IMF loan
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Dec 16, 2022 07:40am
Who cares about loan repayment... more tax collection.... we just need to win election...
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Dec 16, 2022 08:09am
Elections round the corner.
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Dec 16, 2022 08:19am
“Slashed” by Rs. 10 PKR for “maximum relief”…
What a JOKE!
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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
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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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Dec 16, 2022 08:48am
Big achievement by Dar after 6 months pf PDM rule in the country
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Dec 16, 2022 10:57am
Thank you Neutrals
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Dec 16, 2022 11:59am
Good going Dar...a big slap on Niazi.
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Dec 16, 2022 01:01pm
Please focus on living within means.
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Dec 16, 2022 01:04pm
Even nowadays beggars do not accept R/s.10/= .
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