Diesel price cut by Rs135; petrol sees drop of Rs12

The Pakistan government has announced a major reduction in fuel prices, slashing diesel rates by Rs135 per litre while petrol prices have been lowered by Rs12 per litre. Officials said the move comes in response to easing global oil prices and improved supply conditions.

Authorities noted that the significant cut in diesel prices is expected to provide substantial relief to the transport and agriculture sectors, where diesel is widely used. The reduction in petrol prices will also ease the burden on daily commuters and households facing high fuel costs.

Analysts say the price revision could have a positive impact on inflation, potentially lowering transportation and goods prices in the coming weeks. However, they caution that fuel prices remain subject to global market fluctuations and geopolitical developments.