Pakistan government announced a major reduction in petroleum prices, citing improved regional economic conditions and lower international oil prices. According to the statement attributed to Prime Minister Shehbaz Sharif, the full benefit of declining global oil prices is being passed on to the public.
Under the announced relief package, petrol prices have been reduced by Rs74 per litre, while diesel prices have been cut by Rs. 67 per litre.
New Petrol Price in Pakistan
| Product | Previous Price | Reduction | New Price |
|---|---|---|---|
| Super Petrol | 373.78 | 74.00 | 299.78 |
| Diesel | 378.78 | 67.00 | 311.78 |
The government stated that the reduction reflects its commitment to transferring the benefits of lower international oil prices directly to consumers. Officials also highlighted measures taken during recent economic challenges, including subsidies and fiscal savings aimed at cushioning the impact of higher energy costs on households and businesses.
The Prime Minister thanked the public for their patience during the period of elevated fuel prices and reaffirmed the government’s commitment to maintaining economic stability and pursuing further measures to ease inflationary pressures.
