Prime Minister Nawaz Sharif today announced that petrol price has been reduced by Rs9.43 per liter to provide relief to the masses.
The Prime Minister made the announcement while addressing the Federal Cabinet meeting in Islamabad. He said that petrol price has been reduced from Rs103.62 to Rs94.19 per litre. PM Nawaz said the government is committed to bring economic change in the country and provide relief to the people. He has urged the transporters to adjust fares accordingly. The government is drastically reducing the petroleum prices despite sit-ins and protests caused huge losses to the national economy, he added. He said the government was moving towards economic stability, but sit-ins and protests disrupted the development process. Country will once again continue its journey towards economic prosperity, he said. Separately, the price of diesel has been decreased by Rs6.18 per litre and kerosene oil Rs8.16 and high-octane has reduced by Rs14.68 per litre. The new prices of petroleum products will be applicable from 1st November.
