Transport fares slashed following petrol and diesel price cuts

Transport fares in Rawalpindi have started declining following a significant reduction in petroleum product prices.

Local passenger transport fares have been reduced by 12 per cent, intercity transport fares by 5 per cent, while freight rates for goods transportation have been cut by 10 per cent.

Over the past 10 days, petrol prices have been reduced by Rs39.91 per litre, while high-speed diesel has become cheaper by Rs31.96 per litre.

Earlier, Rawalpindi Deputy Commissioner Nadeem Nasir issued directives ordering a reduction in transport fares in line with the decrease in petroleum prices.

Regional Transport Authority Secretary Syed Asad Abbas Shirazi also held a meeting with transport operators and directed them to implement the revised fares immediately.

Read more: Petrol, diesel prices reduced following OGRA notification

The Rawalpindi administration has urged citizens to report any instances of overcharging by transport operators by calling the helpline 1071.

Earlier, Petroleum dealers demanded a forensic audit of oil refineries’ profits, claiming that a transparent review could reveal scope for reducing petrol prices by Rs50 per litre and providing relief to consumers.

The demand was raised during an emergency meeting of petroleum dealers in Karachi, where participants discussed refinery profits, petroleum pricing and possible relief for consumers.

Petroleum dealers, including Malik Khuda Bakhsh and Anwar Kamal, called for a transparent forensic audit of the financial affairs of all refineries to establish the actual profits earned by the companies.

Malik Khuda Bakhsh said refineries had earned profits equivalent to a full year’s earnings in just three months. He said a forensic audit would bring the facts about their profits to light.