Following a decline in the price of oil on the international market, Prime Minister Shehbaz Sharif on Thursday announced a drop in the price of petrol by Rs18.50 per litre.
The prime minister stated in his speech to the nation that the administration had no choice but to raise the price of petrol after assuming office due to the state of the economy and market pricing abroad.
The government, however, decided to pass on the relief to the populace as prices are currently falling on the global market and as a result, decreased the cost of gasoline and diesel by Rs18.50 and Rs40.54 per litre, respectively.
Diesel will now cost Rs236 per litre, while gasoline will now cost Rs230.24 per litre. However, not all petroleum products have seen a rise in the petroleum levy.