Islamabad: Prime Minister Shehbaz Sharif has approved a significant reduction in the price of high-speed diesel, offering relief to consumers as global oil prices continue to ease amid improving regional conditions.
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According to official sources, the prime minister sanctioned a reduction of Rs32.12 per litre in diesel prices, bringing the rate down from Rs385.54 to Rs353.43 per litre. The decision reflects the government’s policy of passing on the benefit of declining international oil prices directly to the public.
The Prime Minister’s Office stated that Shehbaz Sharif directed authorities to ensure that the reduction is implemented swiftly and that consumers begin receiving the relief without delay. He reiterated that easing the financial burden on the public remains a key priority of the government’s economic agenda.
Earlier, on April 10, the prime minister had also announced a major fuel price adjustment, reducing diesel by Rs135 per litre and petrol by Rs12 per litre. At that time, he described the move as part of a broader effort to stabilize domestic energy prices in line with global market trends.
In his earlier remarks, PM Shehbaz had noted that the situation in the Gulf region was shifting from conflict toward dialogue, which had contributed to declining oil prices. He also expressed optimism over diplomatic developments involving Iran and the United States, which were expected to support regional stability and economic relief.
The latest price cut comes as part of continued government efforts to manage inflationary pressure and provide economic relief to households and transport sectors affected by volatile energy markets.
