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Petrol prices are likely to be reduced up to Rs10 per litre

The summary to reduce prices of petroleum products will be sent to Prime Minister Shehbaz Sharif for approval.

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Petrol prices are likely to be reduced up to Rs10 per litre in Pakistan!

Finance Minister MIftah Ismail said the new petrol and diesel prices may be announced on Wednesday.

Talking to a private TV channel, the finance minister said that the summary sent by the petroleum division will be forwarded to Prime Minister Shehbaz Sharif immediately.

Miftah Ismail said the Prime Minister sincerely wants to give the benefits of low petroleum prices in the international market to the people without any delay.

According to the news source, the price of petrol can be reduced by Rs10 and diesel by Rs25 per litre.

The sources said that the immediate reduction in the prices of petroleum products will require the approval of the federal cabinet and without it, the prices can not be reduced before July 16.

The development comes as the government has decided to pass on the benefit of reduced oil prices in the international market to Pakistani consumers.

the authorSaman Siddiqui
Saman Siddiqui, A freelance journalist with a Master’s Degree in Mass Communication and MS in Peace and Conflict Studies. Associated with the media industry since 2006. Experience in various capacities including Program Host, Researcher, News Producer, Documentary Making, Voice Over, Content Writing Copy Editing, and Blogging, and currently associated with OyeYeah since 2018, working as an Editor.