Govt slashes petrol price by Rs10, HSD by Rs13.6 per litre
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Prime Minister Shehbaz Sharif has announced a reduction in fuel prices on Sunday, with the cost of petrol falling by Rs10 per litre while high-speed diesel (HSD) has also seen cut in a price cut, dropping by Rs13.6 per litre, effective from midnight tonight.
The kerosene oil has been made cheaper by Rs11.15 per liter. The price of light diesel oil has been reduced by Rs12.12 per liter.
The prices were decline following ongoing fluctuations in global oil market which is expected to offer some relief to Pakistani consumers.
Earlier this week, Federal Minister for Petroleum, Musadik Masood Malik, stated that Pakistanis will benefit from the decline in international petroleum prices but will also bear the burden when prices rise.
Reporter: Awais kiyani