Prime Minister Shehbaz Sharif has announced a reduction in petrol prices by Rs. 12 per litre, bringing the new price down to Rs. 366 per litre. The move comes as part of the government’s broader effort to provide relief to citizens amid fluctuating global oil markets and ongoing economic pressures. Officials stated that the decision was made after reviewing international price trends and exchange rate stability.
The reduction is expected to ease transportation costs and slightly lower inflationary pressure on essential goods, offering some relief to households and businesses alike. Government sources indicated that further adjustments may be considered in the coming weeks depending on global oil price movements, signaling a continued focus on stabilizing the economy and supporting public welfare.
