Transporters reduce fares after federal govt slashes oil prices

LAHORE: Transporters in Lahore have reduced inter-city fares by 2 per cent following the federal government’s reduction in prices of petroleum products for the first quarter of September 2024.

The government on Saturday reduced the prices of petrol and high-speed diesel by Rs1.86 and Rs3.32 per litre respectively, for the first two weeks of September.

After the reduction of petrol prices in Pakistan on August 31, the new price of petrol from September 1 will be Rs259.10 per litre, while the price of diesel has been set at Rs262.75 per litre.

The fare from Lahore to Karachi has been reduced from Rs6,450 to Rs6,350, while the fare from Lahore to Rawalpindi has been decreased from Rs2,000 to Rs1,930.

Similarly, the fare from Lahore to Peshawar has been lowered from Rs2,500 to Rs2,400, and the fare from Lahore to Quetta is now Rs3,400.

For those traveling from Lahore to Loralai, the fare has been reduced to Rs2,750, and the fare to Murree has dropped from Rs2,600 to Rs2,500.

Additionally, the fare from Lahore to Faisalabad has been reduced to Rs980 from Rs1,003, and the fare to Multan has been reduced to Rs1,750.

Goods transporters in Lahore have also announced a 2 per cent reduction in fares. This reduction will take effect from 12pm today, according to the transporters.

The federal government’s decision to lower oil prices reflected the recent decline in international oil prices.