Massive relief: Govt slashes petrol price by Rs40 per litre

The federal government has decreased the price of petrol by Rs40 and high-speed diesel (HSD) by Rs15 in line with fluctuations in global oil prices and appreciation of the rupee against the US dollar. A finance ministry statement said: “Owing to the decreasing trend of petroleum prices in the international market and due to appreciation of Pak Rupee against the USS, the government has decided to revise the existing consumer prices of petroleum products.” After the announcement, the price of petrol has been set at Rs283.38 per litre while HSD is now available at Rs308.18 per litre. The new prices are effective from midnight. Read more: Petrol, diesel witness massive price hikes Petrol is mainly used in motorbikes and cars and is an alternative to compressed natural gas (CNG), especially in Punjab, where locally produced gas is not available at CNG filling stations. HSD is primarily used in agriculture and transport sectors and any reduction in its price may have a positive impact on inflation.

from Latest News, Breaking News & Top News Stories | The Express Tribune https://ift.tt/5mJHKUQ

Comments

Post a Comment

Popular posts from this blog

Trump's Iran pause and the new Middle East reality

Last week, amid widespread protests in Iran, US President Donald Trump openly urged Iranian protesters to continue their campaign and take over government institutions. He then added a loaded line: "Help is on the way." The message instantly triggered speculation of a US military strike on Iran. But that "help" never arrived. As days passed, US media reported that President Trump had put any plan to attack Iran on hold. Subsequent reporting suggested that Trump reconsidered after a phone call with Israeli Prime Minister Benjamin Netanyahu, who advised against launching military strikes. This was surprising. Israel has long been seen as eager to seize any opportunity to corner Iran, militarily or politically. The advice, however, was driven by two hard realities. First, Israeli intelligence assessments concluded that while the Iranian regime appeared under pressure, it was not weak enough to be overthrown through external military action and internal unrest. Protests...
Read more

AI wars begin

When you are obsessing about petty domestic disputes and mundane minutiae of existence you forget to pay attention to the world-changing events around you as they occur. Somewhere between the early nineties and now, our important neighbours wooed lady luck and managed to change their economic trajectory. We kept fighting. Our neighbours became space-faring nations and we kept fighting. And now this AI revolution. Between 2015 and now, companies were created, and some others were reorganised to research artificial intelligence. We were busy fighting among ourselves and toppling governments. Now, every other day these companies wow us with some remarkable innovations and where are we? None the wiser. In the past few months alone the world of AI has endured some remarkable tumults. And we are in no shape to benefit from any such crisis. I will use the analogy of the medicine industry to explain the situation. When the patent of any expensive brand-name medicine expires after twenty years ...
Read more

IHC allows lawyers to meet PTI chief in jail

The Islamabad High Court on Thursday issued a show-cause notice to the Adiala Jail superintendent for not appearing despite the summons to provide facilities to the PTI chairman and allowed his lawyers to meet him in jail without any hindrance. A division bench comprising Justice Miangul Hassan Aurangzeb and Justice Arbab Muhammad Tahir heard the case. Deputy Attorney General Arshad Mahmood Kayani and Assistant Attorney General Azmat Bashir Tarar appeared in the court, while the Adiala Jail authorities did not despite the court summons. Read More: Former PTI leader blames Imran for May 9 riots The court again issued a show-cause notice to the jail superintendent, saying that why contempt proceedings should not be initiated against the superintendent. Justice Aurangzeb expressed anger at the late arrival of the law officers, saying: “Who will come to assist this court? Everyone is celebrating the happiness of Nawaz Sharif and distributing sweets.” Justice Aurangzeb told the law officers...
Read more