Islamabad: Prime Minister Shehbaz Sharif has announced that the government will provide significant relief to the public through a substantial reduction in petrol prices, with the revised rates expected to be announced later tonight.
The prime minister said the decision comes in light of easing international oil prices and the government’s commitment to passing on economic benefits to consumers whenever fiscal space is available. He emphasized that public relief remains a top priority and that the government is working to reduce the financial burden on citizens.
The expected reduction follows a series of fuel price cuts in recent weeks. Last week, the government lowered petrol prices by Rs4 per litre and diesel prices by Rs2 per litre, bringing petrol to Rs373.78 per litre and high-speed diesel to Rs378.78 per litre.
Officials believe that lower fuel prices could help ease transportation costs and inflationary pressures, providing relief to households and businesses across the country. The final notification detailing the new petroleum prices is expected to be issued by the Petroleum Division later tonight.
