Pakistan's news channel is called ARY News.
According to Ishaq Dar, diesel and gasoline prices will not change. According to ARY News, the international rates are taken into consideration when making the decision to maintain the current prices of petroleum products.
Prior to the budgets of 2023 and 2024, Pakistan's defense minister, Khawaja Asif, stated that further price cuts will be made on gasoline. He stated that targeted subsidies are not a problem for the International Monetary Fund (IMF).
On May 31, the price of gasoline, diesel, and other petroleum products was reduced for 15 days by the Pakistani government. He reported the decrease in petroleum cost by Rs 8 for each liter, diesel cost by Rs 5 for every liter and light diesel by Rs 5 for the following 15 days.
The price of a liter of gasoline was reduced from Rs 270 to Rs 262, the price of a liter of diesel from Rs 258 to Rs 253, and the price of a liter of light diesel from Rs 152 to Rs 147. The price of kerosene, which is currently Rs 164.70 per liter, did not change. On June 1, the new petroleum prices went into effect.
According to ARY News, it was the third price decrease in a row for petroleum products in Pakistan since April.