Pakistan cuts petrol, diesel prices despite global surge amid Russia-Ukraine war

ISLAMABAD – The Pakistani government late on Monday notified new prices of petrol and diesel following the announcement of Prime Minister Imran Khan in a televised address to the nation.

Khan announced a Rs10 per litre reduction in the price of petrol and diesel each and Rs5 per unit reduction in the price of electricity. The decision comes at a time when crude oil price jumped over $103 amid Russia’s military operation in Ukraine.    

The new price of petrol is Rs 149.86 after a reduction of Rs10 per litre, according to a notification issued by the finance division, and comes into effect 12am.

The prices of high-speed diesel has been reduced by Rs10 to Rs144.15 per litre. The price of kerosene oil has been reduced by Rs1 to Rs125.59.

PM Imran Khan announces to cut petrol, electricity prices in Pakistan

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