The federal government Pakistan Friday reduced the petrol price by Rs 4.74 & taking the new rate to Rs 68.36 per litre.
The price of high speed diesel (HSD) has also been slashed by Rs 3.86 per litre to Rs 270.22.
The new prices will take effect from 1 June 2024.
Prime Minister Mian Muhammad Shehbaz Sharif directed the finance ministry earlier in the day to reduce petrol prices by Rs 15.4 per litre for the next fortnight. An official government post said on X, formerly Twitter website.
The premier ordered the ministry to slash high speed diesel (HSD) price by Rs 7.9 per litre.
In the last review, the government decreased the petrol price by Rs 15.39 per litre and HSD by Rs 7.88 per litre.
Earlier, Voice of The People reported that the federal government Pakistan might announce a decrease in petrol prices by Rs 4.50 per litre for the first half of June. The price of high speed diesel (HSD) was expected to fall by around Rs 4 per litre.