Prime Minister Shehbaz Sharif has announced a significant reduction in petrol prices, lowering the rate by Rs80 per litre in a move aimed at easing the financial burden on citizens amid surging global oil prices.
In an address to the nation from Islamabad, the premier said Pakistan is facing challenging economic conditions as international fuel prices continue to rise sharply. He noted that the impact of global inflation has extended across regions, affecting even the world’s strongest economies, with Pakistan also experiencing severe repercussions.
He confirmed that the new petrol price has been set at Rs378 per litre for a period of one month. The reduction follows a cut in the petroleum levy by Rs80 per litre, forming part of a broader relief package designed to shield the public from escalating energy costs.