Friday, 22 November 2024
Trending
The Transport Minister unveiled the r12 people bus service in Karachi. Big rescue operation is currently in progress following the Uttarkashi tunnel collapse. UAE Heavy rainfall has transformed roads into waterlogged areas in several cities, including Dubai. Iceland volcanic eruption: State of emergency announced due to the potential threat. Cristiano Ronaldo took control of the Portuguese media organization. Taylor Swift and Travis Kelce Thanksgiving plans have been disclosed. The President of China arrives in the United States; Biden and Xi meeting to be held at the location unknown to the public. China declares scholarships for Pakistani students and scholars 2023. Bitcoin experiences a slight decrease, while alternative cryptocurrencies reflect this trend amidst volatile conditions. Batik Air from Malaysia initiates flight services connecting Karachi and Kuala Lumpur.

اُردو

image 2024 01 03 135439900
EconomyHeadlinesPakistan

Significant drop in prices for petrol and diesel announced.

Share

In South Africa, just before the new year, they announced a big drop in prices for petrol and diesel.

People in South Africa might see lower fuel prices in the New Year, with reductions in petrol and diesel prices announced on Wednesday.

The cost of Octane 93 and Octane 95 will go down by 62 cents and 76 cents per liter, respectively. Diesel prices will see a decrease ranging from R1.18 to R1.26 per liter, and the price of paraffin will also drop by 93 cents.

The Department of Mineral Resources and Energy explained that the decision to lower prices is because crude oil prices have fallen from $82.62 to $77.35.

A civil society group welcomed the lower prices, and President Wason Reddy mentioned that any reduction in fuel prices is good news. However, he also highlighted the need to consider how politicians in South Africa have misused the system, leading to the public still paying high petrol prices.

Read more about “Petrol prices will stay the same for the next two weeks.”