ISLAMABAD, July 14(ABC): Prime Minister Shehbaz Sharif on Thursday announced the slashing of petrol price by Rs18.50 per litre and diesel price by 40.54 per liter as part of a series of measures to bring some relief to the public.
The relief was announced by the premier as he addressed the nation about the country s economic situation, the government s performance over the last three months and the agreement with IMF.
ddressing the nation, the premier said that the government had increased the price of petrol after coming into power to meet the conditions laid forth by the International Monetary Fund (IMF), which were agreed by the previous PTI-led government.
However, as the prices are declining in the international market now, the government has decided to pass on the relief to people and, therefore, has decided to reduce the price of petrol and diesel by Rs18.50 and Rs40.54 per litre, respectively.
The new price of petrol will be Rs230.24 per litre while diesel will be available at Rs236 per litre.
