The government has reduced the price of petrol by Rs4 per litre and diesel by Rs2 per litre for the next week.
According to the Ministry of Petroleum, the price of petrol has been cut to Rs373.78 per litre following the reduction, while the price of high-speed diesel has been lowered to Rs378.78 per litre.
The revised prices will remain effective for the next week.
Last week, the government reduced the price of petrol by Rs4 per litre. Before that, the government reduced the prices of petrol and diesel by Rs22 per litre, describing the move as an “Eid gift” for the public.
The latest reductions come months after a sharp surge in petroleum prices triggered by regional tensions. The United States and Israel launched attacks on Iran in February, after which Tehran retaliated with strikes and closed the Strait of Hormuz, disrupting global oil supplies and pushing up international oil prices.
