ISLAMABAD – The government has announced a significant reduction in petroleum prices, cutting petrol rates by Rs74 per litre and high-speed diesel by Rs67 per litre, according to the latest announcement.
The revised prices come as part of adjustments in global oil trends and domestic pricing calculations, offering relief to consumers facing high inflation.
Prime Minister Shehbaz Sharif said the recent reduction in fuel prices fulfils his commitment to provide relief to the public, as the government announced a major cut in petroleum rates.
Following the revision, the price of petrol has reached Rs299 per litre, while diesel prices have been adjusted between Rs311 and Rs378 per litre.
He said the decision reflects the government’s effort to ease inflation and pass on the benefit of changing global oil prices to the people.
Officials said the price cut is expected to lower transport costs and provide some easing in overall inflationary pressure across the country.
More to follow…
