Prime Minister Shehbaz Sharif has announced to reduce the petrol prices by Rs18.50 per litre as part of measures to ease the burden on the masses. The rates go into effect from July 15.
After the reduction, the POL product prices are as followed:
Petrol Price: Rs. 230/liter
HSD Price: Rs. 236/Liter
Kerosene Oil: Rs. 196/liter
Light Diesel Oil: Rs. 191/liter
Finance Minister Miftah Ismail said that the government will slash domestic petrol prices before midnight, adding that Prime Minister Shehbaz Sharif had received a summary from the Oil and Gas Regulatory Authority (Ogra) recommending the cut.