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Prime Minister Shehbaz Sharif on Friday announced a reduction in petroleum prices, reducing petrol prices by Rs74 and the price of high-speed diesel by Rs67.
The development comes a day after Petroleum Minister Ali Pervaiz Malik said that PM Shehbaz directed authorities to immediately pass on the benefit of declining international oil prices to consumers amid easing tensions in the Middle East.
More to follow
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Khaleeq Kiani is an Islamabad-based reporter for Dawn, specializing in political economy, governance, business, finance, macroeconomics and energy. He can be found on X at @khaleeqkiani.
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