Islamabad, In a significant move, the Pakistani government has announced a reduction in the price of petrol by eight rupees per litre. The revised pricing comes into effect immediately and represents a notable adjustment in the country’s fuel pricing strategy.

According to Ministry of Information and Broadcasting, a press release from the Finance Ministry confirmed the new petrol price at 259.34 rupees per litre. This change is effective from today and applies across the nation. In contrast, the price of high-speed diesel remains unchanged for the next fortnight, maintaining the current rate for this fuel category.

The decision to reduce the petrol price reflects the government’s response to the dynamic global energy market and domestic economic considerations. This reduction aims to ease the financial burden on consumers and support economic activities that rely heavily on petrol for transportation and logistics.

The unchanged price of high-speed diesel suggests a careful balancing act by the authorities in managing the overall fuel subsidy burden while addressing the needs of different sectors of the economy. Diesel is a critical fuel for various industries, including agriculture and transportation, and its price stability is crucial for these sectors.

This announcement is expected to have a ripple effect across the economy, potentially influencing transportation costs, consumer spending, and broader economic activity.