Govt announces massive reduction in petrol, diesel prices

A sigh of comfort for inflation-stricken hundreds as Prime Minister Shehbaz Sharif-led government on Sunday introduced a massive discount in petrol and diesel charges from September sixteen for the next fortnight.

According to a notification issued by using the Finance Ministry, the charge of petrol has been decreased via Rs10 according to litre, while excessive-speed diesel (HSD) has seen a reduction of Rs13.6 in keeping with litre.

With the adjustment, the price of petrol now stands at Rs249.10 according to litre, even as the brand new fee of high-pace diesel is about at Rs249.69 in line with litre.

The authorities additionally introduced a discount in kerosene oil prices by Rs11.15 in line with litre, bringing the brand new price to Rs158.47 in keeping with litre. The discounts could be powerful for the subsequent fortnight, imparting transient relief to consumers as international gas expenses range.