Pakistan Government slashed prices of petrol and high-speed diesel for next fortnight.

Petrol Diesel: In neighboring country Pakistan, the government has reduced the rates of petrol and diesel, which has brought some relief to the people struggling with high inflation. Pakistan government has reduced the price of petrol by Rs 15.39 per liter. Here the rate of high speed diesel has been reduced by Rs 7.88 per liter. In Pakistan, the new price of petrol has become Rs 273.1 per liter and the new price of high speed diesel has become Rs 274.08 per liter.

Pakistan's Finance Ministry issued notification

While issuing its notification, the Finance Ministry of Pakistan has said that in the last 15 days, a trend of decreasing prices of petroleum products is being seen in the international market. Due to this, the rates of fuels like petrol and diesel have been reduced in the country. In the last 15 days, the rate of petrol in the international market had decreased by $ 8.7 per barrel and the rate of diesel by $ 4.3, due to which the fuel rates in Pakistan were reduced.

Changes in the prices of petroleum products seen in the international market

In the last 15 days, the import premium on petrol has increased by more than seven percent to $ 10.30 per barrel. Earlier in March, it was at $ 13.50 per barrel, which came down to $ 9.60 per barrel in two stages before April 30. The price of HSD in the international market also declined by about $ 4.3 per barrel and as per the payment of benchmark Pakistan State Oil, its import premium remained at $ 6.50 per barrel.

Petroleum development levy being collected in Pakistan

The Government of Pakistan has already collected Petroleum Development Levy (PDL) of Rs 60 per liter on petrol and HSD. Rs 720 billion have been deposited here in the first nine months ending March 31. Under the terms of the International Monetary Fund, the Pakistani government had set a budget target of collecting Rs 869 billion as petroleum levy during the current financial year.

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