The Pakistani government has reduced the price of petrol by 35 paise per litre, while the price of high-speed diesel (HSD) has been increased by Rs 5.71 per litre. The new rates have come into effect from July 21. After this change in prices, now the new price of petrol in the market has become Rs 315.80 per liter and the price of high-speed diesel has become Rs 360.06 per liter. Petrol-Diesel Prices in India and Pakistan Note: ₹- Indian Rupee, value of Indian Rupee in Pakistan is equal to 2.89 Pakistani Rupee. Current rates are lower than April’s record high. Current fuel prices are still far below their all-time high made in April this year: Now petrol diesel prices are being fixed daily instead of weekly. In view of the sharp fluctuations in crude prices in the international market, the government has made a major policy change. Petroleum Minister Ali Pervez Malik has announced that now fuel rates in the country will be decided on daily basis instead of weekly. Dealers Association opposed the decision All Pakistan Dealers Association has strongly opposed the government’s decision to fix daily rates. The association has completely rejected this arrangement and said that they can protest against this decision this week. The change in petrol prices will have the biggest impact on the middle class and transport sector. The direct impact of the change in petrol prices is on the middle and lower-middle class of the country, because it is mainly used in private vehicles, small cars, auto rickshaws and two-wheelers. At the same time, due to diesel becoming expensive, there is a danger of inflation increasing in the entire country, because it is used in heavy commercial vehicles (trucks-buses), power plants and big generators. In Pakistan, there is huge sale of about 7 to 8 lakh tonnes of petrol and diesel every month, whereas the monthly demand of kerosene (kerosene) is only 10 thousand tonnes. This is the reason why petrol and diesel remain the biggest source of revenue generation for the government.
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In Pakistan, petrol is cheaper by 35 paise, diesel is costlier by Rs 5.71: petrol is available at Rs 315.80 and diesel at Rs 360.06 per liter, new prices are applicable from July 21.
