Govt revises fuel prices, cutting diesel and raising petrol
At a glance
- High-speed diesel price cut by Rs 32.63 to Rs 348.56 per litre.
- Petrol price increased by Rs 2.98 to Rs 381.58 per litre.
- Sheikhupura Chamber of Commerce welcomes diesel cut, calls for lower energy tariffs.
Story so far
Effective August 20, the government revised petroleum product prices. The price of high-speed diesel was slashed by Rs 32.63 to Rs 348.56 per litre, while petrol saw an increase of Rs 2.98, bringing its new price to Rs 381.58 per litre. The move elicited a mixed public response, with many welcoming the diesel price cut but raising concerns over the simultaneous hike in petrol prices.
Latest development
The Sheikhupura Chamber of Commerce and Industry has welcomed the significant reduction in diesel prices, calling it a positive step. The chamber's president urged the government to also lower electricity and gas prices for industry to reduce production costs and enhance exports.
Latest updates
The Sheikhupura Chamber of Commerce and Industry has welcomed the federal government's significant reduction in diesel prices, terming it a positive development.
In a statement, Chamber President Chaudhry Arif Hussain Ghuman urged the government to also implement a significant decrease in electricity and gas prices for industrial establishments. He stated that lowering production costs is essential for Pakistan to compete in the international market.
Mr. Ghuman added that the revival of industry and an increase in exports are key to strengthening Pakistan's economy.
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