Shehbaz govt slashes petrol, diesel prices

Islamabad: The federal government on Tuesday announced a significant reduction in the price of petrol, cutting it by Rs5.45 per litre for the upcoming fortnight.

Prime Minister Shehbaz Sharif gave the green light to this adjustment in fuel prices.

As per a notification issued by the finance ministry, the new price of petrol will stand at Rs288.49 per litre from May 1, reflecting the reduction of Rs5.45.

Furthermore, the diesel prices were decreased by Rs8.42 per litre while light-speed diesel (LSD) would see a reduction of Rs5.63 per litre.

Additionally, kerosene oil prices have been slashed by Rs8.74 per litre.