In a major step to ease the burden on citizens, Prime Minister Shehbaz Sharif has approved a massive reduction in the prices of petroleum products, bringing relief to consumers across the country.

According to an official notification issued by the finance ministry, the price of petrol has come down by Rs 6.17 per litre, bringing it down to Rs 269.77. Similarly, diesel prices were reduced by Rs 10.86 per liter with the new price set at Rs 272.77.

The price of light diesel has been cut by Rs 5.72 per liter to Rs 160.53, while kerosene will now cost Rs 177.39 per litre, after a drop of Rs 5.72.

These discounts are effective immediately and replace the previous prices of Rs 275.60 for petrol, Rs 283.63 for high speed diesel, Rs 183.71 for kerosene and Rs 166.25 for light diesel.

These changes are expected to ease the financial burden on consumers and boost the economy. The reduction in fuel prices is part of the government’s ongoing efforts to address the cost of living and increase affordability for the general public.