Public and goods transport fares cut by 10% after diesel price drop

Following the announcement by goods transporters, public transport operators have also announced a 10 percent reduction in fares. The move is expected to provide relief to the public in travel expenses.

Following the government's recent reduction in the price of diesel, the All Pakistan Goods Transporters Association has announced a 10% cut in fares.

The association's president, Nabeel Mahmood Tariq, welcomed the government's decision, stating that it would reduce the cost of transporting commercial goods and ease difficulties for the transport industry. He also requested that the government maintain this fare reduction for at least one week.

Alongside the price adjustments, the government has also increased the petroleum levy on high-speed diesel by Rs 1.72 per litre.

The federal government on Wednesday officially notified a significant reduction in the price of high-speed diesel (HSD) by Rs 32.63 per litre, while simultaneously increasing the price of petrol by Rs 2.97 per litre. The new prices are effective from August 20.

According to the notification from the Ministry of Energy's Petroleum Division, the new price for HSD is Rs 363.06 per litre, down from Rs 395.69. The price of petrol has been set at Rs 337.51 per litre, up from Rs 334.54.

Information Minister Attaullah Tarar confirmed the prime minister had directed the petroleum ministry to negotiate with refineries. He added that the Oil and Gas Regulatory Authority (OGRA) would soon announce the final reduction, which is expected to be around Rs32 per litre. The revised prices are anticipated to be calculated for August 20 under the new daily pricing mechanism.

The government on Wednesday announced a significant decrease in the price of high-speed diesel by Rs30 to Rs32 per litre following negotiations with local oil refineries.

In a media briefing, Petroleum Minister Ali Perviz Malik confirmed the price reduction, stating that the government had held successful talks with the refineries as directed by the prime minister.