Transport fares in Punjab have dropped by Rs30 to Rs70 following a decrease in petroleum product prices. Uzma Bukhari, the Provincial Minister for Information, announced this reduction and attributed it to Chief Minister Maryam Nawaz and her team’s commitment to adjusting fares in response to fuel price changes.
Bukhari noted that Punjab is unique in reducing transport fares alongside fuel price declines, ensuring passengers are refunded any overcharges. She highlighted that no other province has mirrored Punjab’s approach to fare reductions following fuel price cuts.
Acting on CM Maryam Nawaz’s directives, the fare decrease was implemented immediately throughout the province. District administration teams are now rigorously monitoring fare compliance at all bus terminals.
Recently, the federal government reduced fuel prices. Petrol prices dropped by Rs10 per litre from Rs259.10 to Rs249.10, effective midnight tonight. High-speed diesel prices were also reduced by Rs13.06 per litre from Rs262.75 to Rs249.69. Additionally, kerosene and light diesel oil saw reductions of Rs11.15 and Rs12.12 per litre, respectively.
Read: Fuel Prices: Petrol Drops Rs10, Diesel by Rs13
These adjustments respond to the global oil market’s volatility and are expected to alleviate some financial pressures on Pakistani consumers.
Last week, Federal Minister for Petroleum, Musadik Masood Malik, commented on the impact of global petroleum price fluctuations on Pakistan. He explained that while Pakistanis benefit from price declines, they must bear the costs when prices increase. In a response during a National Assembly session, he mentioned that it’s too early to predict price movements for the upcoming fortnight due to market speculation.
Malik also referred to Saudi Arabia’s support through oil on deferred payments, underscoring that domestic oil prices align with global market trends.
