Pakistan Cuts Petrol and Diesel Prices Again Due to Falling Oil Costs

Petrol and diesel prices in Pakistan reduced by caretaker government for 2nd fortnight in a row due to international market decline.

Petrol price cut by Rs40 per liter to Rs283.38. Diesel reduced by Rs15 per liter to Rs303.18.

Reductions result from falling international oil prices and appreciation of Pakistani rupee.

Diesel levy raised by Rs5 per liter to historic high of Rs55, just below legal limit of Rs60.

Fuel price decreases expected to provide relief to inflation-hit masses, especially middle and lower-middle class consumers.