Petrol Price Drops Rs15, Diesel by Rs7.88

In a significant relief for consumers, the government has announced a substantial decrease in fuel prices across Pakistan.

According to the latest notification, petrol prices have been cut by Rs. 15 per liter, and diesel prices have been reduced by Rs. 7.88 per liter. Additionally, kerosene oil prices have dropped by more than Rs. 9 per liter, and light diesel oil has seen a decrease of over Rs. 7 per liter.

Read more: Pakistan’s Petrol Prices Set For Significant Decrease

Official sources report that Prime Minister Shehbaz Sharif approved the reduction in petroleum product prices, following a proposal by the Oil and Gas Regulatory Authority (OGRA). The Ministry of Finance is expected to issue a formal notification regarding the new prices shortly. These changes will take effect from midnight tonight, offering consumers much-needed relief amid rising fuel costs.

This move is particularly welcome amid the current economic challenges and inflationary pressures. The reduction in fuel prices is anticipated to ease the financial strain on consumers and provide some respite in these difficult economic times.