The federal government on Saturday reduced the price of petrol by Rs1.86 per litre for the next fortnight after authorization from Prime Minister Shehbaz Sharif.

According to an official statement, the new fuel prices will be effective from 01 September, 2024

The statement said the petrol price has been decreased from Rs260.96 per litre to Rs259.10 per litre.

The government also decreased price of high-speed diesel (HSD) from Rs266.07 per litre to Rs262.75 after a cut of Rs3.32.

Meanwhile, the prices of kerosene oil and light diesel oil were also decreased by Rs2.15 and Rs2.97, taking it to Rs169.62 per litre and Rs154.05 per litre, respectively.