After the reduction in the prices of petroleum products, transporters have also announced to reduce the bus fares by 7%.
Punjab Regional Transport Authority (RTA) Secretary said that transporters were asked to reduce the bus fares in proportion to the reduction in petrol and now they have agreed to decrease the fares.
The secretary said a new fare list is being prepared and will be provided to the transporters, meanwhile, banners of new fares will also be displayed at bus stands.
Pakistan’s consumers received a welcome surprise on Friday as the caretaker government announced a significant reduction in fuel prices, slashing the cost of petrol by Rs14 and high-speed diesel (HSD) by Rs13.50 per litre for the next fortnight.
The Ministry of Finance attributed the price revision to two key factors: the recent downward trend in international oil prices and an improvement in Pakistan's exchange rate.
The revised prices see petrol now retailing at Rs267.34 per litre, while HSD stands at Rs276.21. This double-digit decrease translates to around a 5% reduction in fuel costs, a welcome change for consumers battling inflation and rising living expenses.
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