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Petrol and diesel prices reduced by 40 rupees, 15 rupees per liter

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Government Eases Financial Burden with Substantial Petroleum Price Reductions

Govt reduced Petrol and diesel prices by 40 rupees and 15 rupees

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In a much-anticipated and welcome development, the government has taken a significant step to provide much-needed relief to its citizens grappling with the escalating living costs. This relief comes in the form of substantial reductions in the prices of petroleum products, offering respite to the economically strained populace.

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Petrol price down to 283 rupees and 83 paisa per liter after 40 rupees reduction, Similarly, diesel, another essential fuel for many, has become 15 rupees cheaper, with the new price set at 303 rupees and 18 paisa per liter

Effective immediately, the citizens will see remarkable reductions in the prices of key petroleum products. The price of petrol, a critical commodity for transportation and daily life, has dropped by a substantial 40 rupees per liter. This brings the new price down to 283 rupees and 83 paise per liter. Similarly, diesel, another essential fuel for many, has become 15 rupees cheaper, with the new price set at 303 rupees and 18 paise per liter. Kerosene, another widely used product, now costs 214 rupees and 85 paise per liter. The official notification for these price adjustments was issued, and they took effect at the stroke of midnight.

Petrol is included a levy of 60 rupees per liter and a customs duty of 22 rupees per liter, while, diesel carries a levy of 50 rupees per liter and a customs duty of 23 rupees per liter

For those curious about the components contributing to these revised prices, petrol will now include a levy of 60 rupees per liter and a customs duty of 22 rupees per liter. Meanwhile, diesel carries a levy of 50 rupees per liter and a customs duty of 23 rupees per liter.

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The good news doesn’t stop there. The government has also announced that these price reductions will remain in effect for the next 15 days, providing citizens with an extended period of relief amidst their financial strains.

Reduce petroleum product prices can reduce inflation rate

The decision to reduce petroleum product prices can be attributed to several economic factors. A decrease in international oil prices and a more favorable exchange rate against the US dollar have played pivotal roles in allowing the government to make this welcome decision. These factors, when combined, have created the perfect conditions for the government to pass on the benefits to the citizens.

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It’s important to note that the relief isn’t limited to consumers alone. Oil marketing companies and dealers are also set to benefit, as this move is expected to have a positive impact on various sectors of the economy.

Promise of extended relief

In summary, this recent price adjustment by the government is a significant move aimed at providing substantial relief to the public, helping them cope with the relentless rise in the cost of living. The reductions in petrol, diesel, and kerosene prices, along with the promise of extended relief, represent steps in the right direction to provide much-needed financial respite for the people of Karachi.

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