Petrol diesel become cheaper by Rs 5 in Pakistan:Petrol now costs Rs 409.78 high-speed diesel Rs 409.58 per liter

The Pakistan government has reduced petrol and diesel prices by PKR 5 per liter (Pakistani Rupee). After this reduction, the price of petrol in Pakistan has now come down to Rs 409.78 per liter and High-Speed Diesel (HSD) to Rs 409.58 per liter. The new prices have come into effect from today, i.e., May 16. After the continuous price increases in recent days, this reduction is expected to provide some relief to the middle and lower-middle class budget, as petrol directly impacts motorcycles, rickshaws, and small vehicles. Prices being fixed every Friday night The Pakistan government has been reviewing petroleum prices every Friday night for some time now. In fact, the fuel crisis in the country has deepened since the America-Israel and Iran war (which is currently paused) that started against Iran from February 28. Prices were increased by up to PKR 15 just last week Although the government has given a relief of PKR 5, exactly a week ago the government had increased petrol prices by PKR 14.92 and diesel by PKR 15 per liter. Immediately after the war started on February 28, the government made petrol-diesel PKR 55 per liter more expensive on March 6. On April 2, petrol prices were increased by 43% and high-speed diesel prices by 55%. Pakistan’s fuel prices mentioned above are quoted in Pakistani currency PKR. Petrol diesel became ₹3 more expensive in India In India, on May 15th, petrol and diesel prices increased by ₹3-3 per liter. Due to this, in Delhi, petrol reached ₹97.77 per liter and diesel reached ₹90.67 per liter. Meanwhile, companies also made CNG expensive by up to ₹2 per kilogram in major cities. In Delhi, now ₹79.09 has to be spent for one kilogram of CNG. Why did petrol-diesel prices increase? The main reason for this increase is the fluctuation in crude oil prices in the international market. Before the war between Iran and America started, crude oil prices were $70, which have now increased to cross $100 per barrel. Oil companies were under pressure due to rising crude prices. Therefore, companies have taken this step to compensate for losses. If crude oil prices continue to rise for a long time, petrol and diesel prices may be increased further.