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The Government of Pakistan cut the petrol price by Rs2.7 per litre and diesel by Rs3.40/ltr on Monday, as the finance ministry announced new rates as part of the fortnightly revision.
The new prices will be effective from October 1, according to an official notification issued on Monday.
High-speed diesel saw a reduction of Rs 3.40 per liter, while light diesel has been lowered by Rs 1.30 per liter. Kerosene oil prices have also been reduced by Rs 3.57 per liter.
This decision aims to ease inflationary pressure on consumers amidst rising fuel costs globally.
Earlier to this it was reported that the petroleum products prices in Pakistan are likely to decrease from October 1 amid a significant drop in the international market.
According to details, the federal government is expected to announce a significant reduction in petrol prices on September 30, the sources said.
