The recent announcement by Prime Minister Shehbaz Sharif reflects a strategic reduction in diesel prices from Rs385.54 to Rs353.42 per litre, marking an 8.3% decrease. This decision, made on April 18, 2026, is aimed at providing immediate relief to the public amid easing global prices following a ceasefire agreement between the US and Iran. The government has emphasized its commitment to passing on benefits from declining oil prices to consumers, although petrol prices remain unchanged at Rs366.58 per litre.
BUSINESSPublished 17 Apr 2026 • Published 13h ago
Prime Minister Shehbaz Sharif Announces Diesel Price Cut in Pakistan
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Prime Minister Shehbaz Sharif has announced a diesel price cut of Rs32.12 per litre, now at Rs353.42, while petrol prices remain unchanged. This follows a significant drop in global oil prices due to a ceasefire between the US and Iran, with further reductions expected soon.
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