Major Fuel Price Drop in Pakistan! Petrol & Diesel Prices to Decrease on May 31st | Breaking News

Описание: Starting May 31st, Pakistani consumers will see a welcome drop in fuel prices, with petrol decreasing by Rs7.25 per liter and high-speed diesel by Rs6.25 per liter. This price reduction is a direct result of the significant decline in oil prices globally, where petrol has dropped by $3.25 per barrel and diesel by $2.10 per barrel in just the past two weeks. Despite a slight depreciation of the rupee against the US dollar, the overall impact on fuel prices is positive, providing much-needed economic relief to consumers. The government continues to levy a petroleum development fee of Rs60 per liter and customs duties around Rs19-20 per liter, contributing to national revenue. This video explores the implications of the reduced fuel prices on the Pakistani economy and the daily lives of its citizens, highlighting the potential easing of financial burdens amid ongoing economic challenges.

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