Prime Minister Shehbaz Sharif announced a significant decrease in petrol prices, with a reduction of 80 rupees per litre, bringing the cost down to 378 rupees ($1.35). This reduction is being financed through the government’s petroleum levy. The decision comes on the heels of a substantial fuel price increase of at least 43 percent, which was implemented just a day prior, citing the impact of the Middle East conflict on global oil costs.
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