The cuts in petrol and High-Speed Diesel (HSD) prices are a blow of fresh air for middle and lower-middle-class consumers, as well as the transport sector. This reduction follows the previous cuts at the start of the month and is a big relief for everyone. Owing to price reduction in the international market and rupee appreciation, the caretaker government has announced a decrease in prices. Our dependency on imported fuel makes it difficult for us to manage and stabilise prices on our own. Now that there are petroleum price cuts, the government must regulate and keep a check on the prices of other commodities.

Source: The Nation October 16, 2023 19:48 UTC