ISLAMABAD: In a major relief for consumers, Prime Minister Shehbaz Sharif announced a reduction of Rs80 per litre in the petrol levy, bringing the new petrol price down to Rs378 per litre.
The revised price will come into effect from 12:00am on Saturday, offering immediate respite after a sharp surge in fuel costs just a day earlier.
The announcement follows the government’s recent decision to significantly increase fuel prices, with petrol rising by 43% and high-speed diesel (HSD) by 55%. This pushed petrol prices to an unprecedented Rs458 per litre, triggering widespread concern among the public.
Addressing the nation in a televised speech, the prime minister acknowledged the burden on citizens and stated that the reduction in levy is a temporary measure aimed at easing financial pressure.
He clarified that the revised petrol price of Rs378 per litre will remain in place for at least one month.
The move signals a short-term adjustment in the government’s fuel pricing strategy as it navigates economic challenges and public response to rising inflation.
