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

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

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Official sources report that Prime Minister Shehbaz Sharif has approved the reduction in petroleum product prices following a proposal from the Oil and Gas Regulatory Authority (OGRA). The Ministry of Finance is expected to release a formal notification regarding the new prices shortly. These adjustments are set to take effect from midnight tonight, offering relief to consumers amidst rising fuel costs.

This decision is particularly welcome amidst ongoing inflationary pressures and economic challenges, as it is expected to ease the financial burden on consumers and provide some respite during these difficult times.