Islamabad: In a move to alleviate the financial burden on citizens, the Prime Minister has announced a notable reduction in fuel prices, with petrol prices decreasing by 74 rupees per liter and diesel by 67 rupees per liter. The new prices will be 299 rupees per liter for petrol and 311 rupees per liter for diesel, marking a significant step in addressing the economic challenges faced by the country.

According to Radio Pakistan, the Prime Minister attributed these price cuts to the improved regional situation and reduced global oil prices. The government’s decision to pass on these benefits to the public reflects its awareness of the hardships faced by citizens. The Prime Minister expressed gratitude to the public for their patience and resilience during challenging times.

The government has utilized its resources to mitigate fuel prices, spending 129 billion rupees secured through austerity measures and adjustments to the development budget. The Prime Minister emphasized that, despite regional economic challenges, Pakistan avoided an energy crisis through effective planning, ensuring no fuel shortages or long queues at filling stations.

Acknowledging the cooperation between federal and provincial governments, the Prime Minister praised the efforts to maintain economic stability and shield the public from global inflation. He reiterated the government’s commitment to providing relief to underprivileged segments and emphasized the importance of targeted subsidies and austerity measures.

Additionally, the Prime Minister highlighted Pakistan’s role in international diplomacy, noting the signing of the ‘Islamabad Memorandum of Understanding’ as a landmark achievement in Middle East peace efforts. He extended congratulations to Field Marshal Syed Asim Munir for his contributions to the peace agreement and acknowledged the efforts of key government figures in these diplomatic endeavors.