Govt Announces Major Cut in Diesel Prices
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Prime Minister Shehbaz Sharif approved a major reduction in diesel prices, announcing immediate relief for citizens through a significant cut effective from midnight.
The government confirmed a decrease of Rs32.12 per litre, lowering diesel prices from Rs385.54 to Rs353.43 per litre across the country.
Officials stated that the benefits of reduced fuel prices will be delivered to the public as quickly as possible, ensuring timely relief during ongoing economic challenges.
The new price adjustment will take effect from midnight, marking the latest government measure aimed at reducing essential commodity costs and easing financial pressure
Earlier, oil prices dropped sharply Friday after Iran announced full reopening of the Strait of Hormuz during the ceasefire, triggering immediate rallies across global stock markets.
Iran Foreign Minister Abbas Araghchi declared on X that commercial passage through the Strait of Hormuz would remain completely open for the remaining duration of ceasefire.
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