Karachi goods carriers association announces 5% reduction in transport fares

KARACHI: The Karachi Goods Carriers Association has announced a 5 per cent reduction in transport fares following a decrease in petroleum prices, pledging to pass the benefit on to the public.

Association President Rana Muhammad Aslam welcomed the government’s decision to reduce petroleum prices, saying the transport sector would ensure consumers benefit from the relief through lowering transport fares.

As per reports, he appreciated the measures taken by Prime Minister Shehbaz Sharif and the federal petroleum minister, while calling for further relief for the transport industry.

Moreover, Rana Muhammad Aslam also urged the government to reduce toll taxes and provide relief to the transport sector by lowering withholding tax.

As per a notification issued by the Oil and Gas Regulatory Authority (OGRA), the price of petrol has been reduced by Rs2 per litre to Rs330 per litre. However, the price of high-speed diesel remains unchanged at Rs360 per litre.

Therefore, the notification clearly stated that the revised petroleum prices took effect at midnight and will remain in force for three days.