ISLAMABAD: Prime Minister Shehbaz Sharif has directed the finance ministry to reduce the prices of petrol and high-speed diesel (HSD) for the next fortnight, according to an official government post on X (formerly Twitter) on Friday.
The Prime Minister has mandated a reduction in petrol prices by Rs15.4 per litre and HSD prices by Rs7.9 per litre. This directive aims to provide relief to consumers amidst fluctuating global oil prices.
New Fuel Prices Effective from June 1, 2024
Following the Prime Minister’s orders, the new price of petrol will be set at Rs257.7 per litre, while HSD will be sold at Rs266.18 per litre for the next 15 days. The finance ministry is expected to issue a formal notification, and the revised prices will come into effect from June 1, 2024.
Government’s Effort to Ease Economic Burden
This move reflects the government’s ongoing efforts to mitigate the economic burden on the public by adjusting fuel prices in response to international market trends. The reduction in fuel prices is anticipated to have a positive impact on transportation costs and the overall cost of living.
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