PM Shehbaz Announces Petrol Price Cut by Rs 10.20 per Liter

PM Shehbaz Announces Petrol Price Cut by Rs 10.20 per Liter

Islamabad, June 14, 2024 – Prime Minister Shehbaz Sharif announced a reduction in petrol prices by Rs 10.20 per liter for the remaining days of June 2024. In addition to this, the price of high-speed diesel (HSD) will also be cut by Rs 2.33 per liter.

State media reported that this move follows a recent reduction in electricity prices for industries, indicating the government’s commitment to providing economic relief to the public. Prime Minister Shehbaz Sharif emphasized that these measures are part of broader efforts to ease the financial burden on citizens.

On June 1, 2024, the government of Prime Minister Shehbaz Sharif had already announced a price cut of Rs 4.74 per liter for petrol and Rs 3.86 per liter for high-speed diesel. The latest reductions bring the total relief to Rs 35 per liter for petrol since the current government took office.

“These reductions in prices of petrol and diesel are aimed at alleviating the economic pressures faced by the people,” Prime Minister Shehbaz Sharif said in a statement. “We are committed to ensuring that the benefits of our economic policies reach every citizen, especially during these challenging times.”

The Office of Prime Minister Shehbaz Sharif highlighted that these reductions are part of a series of measures taken to stabilize the economy and provide relief to consumers. The cumulative reduction in fuel prices is expected to have a positive impact on the cost of transportation and goods, benefiting the broader economy.

The announcement has been welcomed by various sectors, including transportation and agriculture, which are heavily reliant on fuel. Lower fuel prices are anticipated to reduce operating costs, thereby potentially lowering the prices of goods and services across the board.

The government has pledged to continue monitoring global oil prices and make further adjustments as necessary to ensure that the public continues to benefit from favorable market conditions. This approach is aimed at fostering economic stability and growth while protecting the interests of the citizens.

For further details and updates on fuel prices, citizens are encouraged to follow official government channels and state media reports. The government remains committed to transparency and responsiveness in addressing the economic needs of the nation.