{"id":14527,"date":"2023-10-15T19:30:49","date_gmt":"2023-10-15T19:30:49","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/in-major-relief-govt-slashes-petrol-price-by-rs40-hsd-by-rs15\/"},"modified":"2023-10-15T19:30:49","modified_gmt":"2023-10-15T19:30:49","slug":"in-major-relief-govt-slashes-petrol-price-by-rs40-hsd-by-rs15","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/in-major-relief-govt-slashes-petrol-price-by-rs40-hsd-by-rs15\/","title":{"rendered":"In major relief, govt slashes petrol price by Rs40, HSD by Rs15"},"content":{"rendered":"<p><\/p>\n<div dir=\"auto\">\n<p>The caretaker government on Sunday slashed the price of petrol by Rs40 per litre and that of high-speed diesel (HSD) by Rs15 per litre for the next fortnight.<\/p>\n<p>According to a notification from the Ministry of Finance, the new price of petrol is Rs283.38 and Rs303.18 for HSD.<\/p>\n<p>It said the price revision was due to the variations in the international prices of petroleum products and the improvement in the exchange rate.<\/p>\n<p>This is the second time in a row that the caretaker government is reducing petroleum prices after three fortnightly incre\u00adases.<\/p>\n<p>In the previous change, it had <a href=\"https:\/\/www.dawn.com\/news\/1778572\">cut the price<\/a> of petrol by Rs8 per litre and that of high-speed diesel by Rs11 per litre.<\/p>\n<figure class=\"media  sm:w-1\/2  w-full  media--right  media--embed  media--uneven\">\n<p>    <iframe class=\"nk-iframe\" onload=\"setInterval(()=&gt;{try{this.style.height=this.contentWindow.document.body.scrollHeight+'px';}catch{}}, 100)\" width=\"100%\" frameborder=\"0\" scrolling=\"no\" style=\"height:400px;position:relative\" src=\"https:\/\/www.dawn.com\/news\/card\/1776104\" sandbox=\"allow-same-origin allow-scripts allow-popups allow-modals allow-forms\"><\/iframe><\/p>\n<\/figure>\n<p>Between Aug 15 and Sept 15, petrol and high-speed diesel prices had risen by Rs58.43 and Rs55.83 per litre, respectively, to <a href=\"https:\/\/www.dawn.com\/news\/1776104\/records-smashed-as-petrol-diesel-rise-to-rs330litre\">historic highs<\/a> of Rs331-333 per litre at the retail stage.<\/p>\n<p>Earlier this week, the prices of HSD and petrol were <a href=\"https:\/\/www.dawn.com\/news\/1780834\/petrol-may-fall-below-rs300-in-coming-review\">projected<\/a> to fall below Rs300 per litre in the coming review due to a <a href=\"https:\/\/www.dawn.com\/news\/1779392\">significant drop<\/a> in global oil rates and the <a href=\"https:\/\/www.dawn.com\/news\/1779631\">rupee\u2019s appreciation<\/a>.<\/p>\n<p>The dollar lost another 93 paise on Thursday to <a href=\"https:\/\/www.dawn.com\/news\/1780793\/rupee-gains-amid-uptick-in-sbp-reserves\">close at Rs278.58<\/a> in the interbank market, which did not react to the disappointing figure of remittances.<\/p>\n<p>However, there were also chances of the interim government deciding otherwise, particularly in the case of high-speed diesel, which presently carries the petroleum development levy of Rs50 per litre compared to Rs60 on petrol.<\/p>\n<p>The government aims to charge about Rs869 billion in levy on petroleum products during the current fiscal year\u2019s budget target and commitments made with the Inter\u00adnational Monetary Fund (IMF).<\/p>\n<p>Petrol and diesel prices have <a href=\"https:\/\/www.dawn.com\/news\/1773086\/govt-hikes-petrol-price-by-nearly-rs15-hsd-by-rs18\">stayed above Rs300<\/a> per litre since September 1. Along with costly electricity, fuel has been the key driver of high consumer prices, pushing inflation to <a href=\"https:\/\/www.dawn.com\/news\/1778945\">31.4 per cent in September<\/a>. Against this backdrop, the reduction could halt the rising inflationary trend.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The caretaker government on Sunday slashed the price of petrol by Rs40 per litre and that of high-speed diesel (HSD) by Rs15 per litre for the next fortnight. According to a notification from the Ministry of Finance, the new price of petrol is Rs283.38 and Rs303.18 for HSD. It said the price revision was due [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":14528,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/i.dawn.com\/large\/2023\/10\/1500010788b91ac.jpg?r=000114","fifu_image_alt":"","footnotes":""},"categories":[10],"tags":[],"class_list":["post-14527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pakistan"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/14527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/comments?post=14527"}],"version-history":[{"count":0,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/14527\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media\/14528"}],"wp:attachment":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media?parent=14527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/categories?post=14527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/tags?post=14527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}