Pakistan Lowers Petrol and Diesel Prices Again
The federal government of Pakistan has announced a decrease in petroleum prices, effective from September 1. Petrol will now cost 259.10 Pakistani Rupees (PKR) per litre, down by PKR 1.86, while High-Speed Diesel (HSD) will be priced at PKR 262.75 per litre, with a decrease of PKR 3.32.
Following the recent change, kerosene oil will now be priced at PKR 169.62 per litre after a decrease of PKR 2.15, while light diesel oil will drop by PKR 2.97 per litre, with the new price set at PKR 154.05.
This marks the third consecutive decrease in petroleum product rates since July 31. The drop in international oil prices has influenced this reduction, with American crude oil falling by 3.60% to USD 74.69 per barrel and London Brent oil decreasing by 2.34% to USD 74.69 per barrel.
Earlier, in August, the federal government headed by Nawaz Sharif had announced a reduction in petrol prices by PKR 8.47 per litre and high-speed diesel by PKR 6.70 per litre. This price reduction was officially announced by the Ministry of Information ahead of the country’s Independence Day celebrations on August 14.
Doubts Revealed
Pakistan -: Pakistan is a country in South Asia, located next to India. It has a government that makes decisions for the country, like changing the prices of petrol and diesel.
Petrol -: Petrol is a type of fuel used in vehicles like cars and motorcycles. It helps the engine run and makes the vehicle move.
Diesel -: Diesel is another type of fuel, often used in bigger vehicles like trucks and buses. It is similar to petrol but works differently in engines.
PKR -: PKR stands for Pakistani Rupee, which is the money used in Pakistan. Just like in India, we use Indian Rupees (INR).
Federal government -: The federal government is the main government of a country. It makes important decisions for the whole country, like setting fuel prices.
Kerosene oil -: Kerosene oil is a type of fuel used for lamps, heaters, and sometimes for cooking. It is different from petrol and diesel.
Light diesel oil -: Light diesel oil is a type of diesel that is lighter and used in some engines. It is not as common as regular diesel.
International oil prices -: International oil prices are the cost of oil around the world. These prices can go up or down based on many factors, like how much oil is available and how much people need it.
