Govt announces massive reduction in petrol, diesel prices

A sigh of relief for inflation-stricken masses as Prime Minister Shehbaz Sharif-led government on Sunday announced a massive reduction in petrol and diesel prices from September 16 for the next fortnight.

According to a notification issued by the Finance Ministry, the price of petrol has been reduced by Rs10 per litre, while high-speed diesel (HSD) has seen a reduction of Rs13.6 per litre.

With the adjustment, the price of petrol now stands at Rs249.10 per litre, while the new price of high-speed diesel is set at Rs249.69 per litre.

The government also announced a reduction in kerosene oil prices by Rs11.15 per litre, bringing the new rate to Rs158.47 per litre.