Pakistan Slashes Fuel Prices by Up to PKR 74 Per Litre

Pakistan has implemented a substantial reduction in fuel prices, with petrol prices slashed by PKR 74 per litre and diesel by PKR 67 per litre. The new prices are set at PKR 299 for petrol and PKR 311 for diesel. This decision, overseen by Prime Minister Shehbaz Sharif, is a direct response to falling global oil prices and the de-escalation of regional political tensions, including an understanding between the US and Iran. The government aims to pass these global market benefits directly to the Pakistani public.