Following the reduction in petroleum product prices, a cut in transport fares has also been announced.
According to private TV channel, the Transport Department, during a meeting with C-Class stand management and transporters, directed stakeholders to provide maximum possible relief to the public.
Officials said that passengers should be given the full benefit in proportion to the reduction in fuel prices, and public transport fares have therefore been reduced by 15 percent.
Meanwhile, the Pakistan Goods Transport Association also announced a 15 percent reduction in freight charges. Office-bearers of the association said they were grateful to the Prime Minister of Pakistan for reducing petroleum product prices.
They further stated that they appeal to the government to continue reducing petroleum product prices in the future as well.
Govt announces significant fuel price cut:
Prime Minister Shehbaz Sharif has announced a significant reduction in petroleum product prices, providing relief to the public. According to the announcement, the price of petrol has been reduced by Rs74 per litre, while diesel has been cut by Rs67 per litre.
Following the implementation of the new prices, petrol has decreased from Rs373 per litre to Rs299 per litre, while diesel has fallen from Rs378 per litre to Rs311 per litre.
Earlier today, Prime Minister Muhammad Shehbaz Sharif had shared the good news of significant reduction in fuel prices during his address in the National Assembly.
Shehbaz Sharif said oil prices had started falling rapidly after the ceasefire. He said when the war broke out, oil prices had hiked significantly, leading to a sharp rise in inflation and creating serious pressure on the public.
The prime minister said the government had taken steps to protect people from the storm of inflation. He expressed hope that oil prices would fall further and said the government would announce weekly petroleum prices today.
Also Read: PM’s promise delivered: govt announces significant fuel price cut
