The federal government announced a reduction in fuel prices on Sunday, with the cost of petrol falling by Rs10 per litre from Rs259.10 to Rs249.10.
According to a notification issued by the Finance Ministry, high-speed diesel (HSD) has seen a price cut of Rs13.06 per litre from Rs262.75 to Rs249.69.
The price of Kerosene Oil has been reduced by Rs11.15 per litre from Rs169.62 to Rs158.47 while the price of Light Diesel Oil has been cut by Rs12.12 from Rs154.05 to Rs141.93.
The current adjustments reflect the ongoing fluctuations in global oil markets and are expected to offer some relief to Pakistani consumers.
Responding to a question in the National Assembly, the minister said that price fluctuations in the international market lead to speculation, making it too early to predict petroleum prices for the next fortnight.
