For the first time in its three months in power, the administration has decided to lower the price of petroleum products.
The government-imposed petroleum tax is probably going to continue. Petroleum is subject to a duty of Rs. 10 per liter, while high-speed diesel, kerosene, and light diesel are subject to a levy of Rs. 5 per liter.
Sources claim that the cost of petrol will likely be reduced by eight rupees and the cost of diesel by twenty. Kerosene oil costs are also probably going to drop by Rs. 21 and Rs. 11 per liter, respectively.
In its short term in government, the coalition government led by the PML-N has increased the price of petroleum from 66 to 95%.
The government increased the price of fuel by 99 rupees per liter, diesel by 132 rupees per litre, kerosene oil by 111 rupees per liter, and light diesel by 100 rupees per litre.