Hafiz Naeem demands Rs30 per litre cut in petrol prices amid falling crude oil costs

The government is expected to reduce petrol prices for the upcoming fortnight starting November 1

Jamaat-e-Islami chief Hafiz Naeemur Rehman has urged the government to cut petrol prices by Rs30 per litre, citing a decline in crude oil prices in the global market, which have fallen below $67 per barrel.

As reported by Express News on Wednesday, he emphasised that the government is currently imposing an additional tax of PKR 60 per litre under the petroleum levy, describing it as an unjust tax.

Rehman asserted that eliminating this illegitimate tax could enhance economic activity in the country. He called on authorities to take immediate action in response to the decreasing global oil prices to alleviate the financial burden on consumers.

Earlier on October 15, the government announced a Rs5 per litre increase in the price of high-speed diesel (HSD), citing fluctuations in the international market.

However, the price of petrol was maintained at Rs247.03 per litre for the following two weeks. It is anticipated that the government may reduce prices for the upcoming fortnight starting November 1.