Lahore: Commuters across Pakistan are set to benefit from lower travel costs after public transport operators announced a 15 percent reduction in fares following a significant decrease in petroleum product prices.
The announcement was made by the President of the All Pakistan Public Transport Owners Federation, who stated that the revised fare structure would take effect immediately. Transport operators have been instructed to implement the reduced rates without delay.
According to transport representatives, fuel expenses are among the largest operational costs in the public transportation sector. As a result, the substantial decline in petrol and diesel prices created room for a reduction in passenger fares.
The decision comes a day after the federal government announced a major cut in fuel prices aimed at providing relief to consumers and easing transportation costs across the country.
Under the revised pricing structure, the price of petrol was reduced by Rs74 per liter, while diesel prices were lowered by Rs67 per liter. The move represents one of the most significant fuel price reductions in recent months.
Following the adjustment, petrol prices dropped from Rs373 per liter to Rs299 per liter, while diesel prices fell from Rs378 per liter to Rs311 per liter. The reduction is expected to lower transportation and logistics expenses throughout the economy.
Economic analysts believe the decrease in fuel costs could have a positive impact beyond public transport, potentially reducing the cost of goods transportation and easing inflationary pressures. Passengers have welcomed the fare reduction, expressing hope that the savings will provide meaningful financial relief for daily commuters.
