Diesel gets major Rs32 per litre price cut

Petroleum Minister Ali Pervez Malik has announced a major reduction in the price of diesel.

He said oil refineries have decided to cut the price of diesel by more than Rs32 per litre.

The announcement was made during a press conference in Islamabad. Information Minister Attaullah Tarar also attended the briefing.

Ali Pervez Malik said several countries are facing difficulties in securing adequate diesel supplies. He said the government held detailed discussions with oil refineries to address the situation.

Following the discussions, the refineries agreed to reduce the price of diesel by more than Rs32 per litre.

The minister said consumers would see a significant reduction in the price of diesel under the new pricing arrangement. He added that the government would ensure that the benefit of the reduction reaches the public.

Ali Pervez Malik said the government was fully aware of the difficulties people were facing because of the ongoing war and its impact on fuel prices.

He said the rise in fuel costs had created additional pressure on households and businesses. The government had already introduced targeted subsidies to provide relief to people facing the impact of expensive fuel.

The petroleum minister said providing relief to the public remained a key priority for the government. He said authorities were making efforts to provide immediate assistance wherever possible.

He added that the decision to provide subsidies on petroleum products was also part of the government’s wider relief measures.

Ali Pervez Malik expressed hope that the current difficult period would eventually come to an end. He said the government would continue taking steps to protect the public from the impact of rising fuel costs.

Information Minister Atta Tarar said Prime Minister Shehbaz Sharif had chaired a meeting on the fuel situation.

The petroleum minister and other senior officials attended the meeting.

According to Tarar, the prime minister directed officials to hold talks with oil refineries and explore every possible measure that could provide relief to consumers.

The prime minister also stressed the need to ensure that any relief achieved through negotiations was passed on to the public.

Tarar said providing maximum possible relief to citizens had consistently remained a government priority.

He said the government was working to reduce the burden on people during the current difficult economic and fuel situation.

The information minister also indicated that further relief measures could be announced in the coming days.

He said the government expected to share more positive developments with the public.

The announcement of the diesel price reduction is expected to provide relief to consumers, particularly transport operators and businesses that depend heavily on diesel.