A sigh of relief for inflation-stricken masses as Prime Minister Shehbaz Sharif-led government on Monday announced a massive reduction in petrol and diesel prices from October 1 for the next fortnight.
According to a notification issued by the Finance Ministry, the price of petrol has been reduced by Rs2.7 per litre, while high-speed diesel (HSD) has seen a reduction of Rs3.40 per litre.
With the adjustment, the price of petrol now stands at Rs247.03 per litre, while the new price of high-speed diesel is set at Rs246.29 per litre.
The government also announced a reduction in kerosene oil prices by Rs3.57 per litre, bringing the new rate to Rs154.90 per litre.
The reductions will be effective for the next fortnight, providing temporary relief to consumers as global fuel prices fluctuate.
