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Prime Minister Shehbaz Sharif on Friday announced a Rs74 reduction in petrol prices and Rs67 for high-speed diesel (HSD) as the government seeks to transfer the benefits of declining international oil prices.
The official notification for the revised petroleum prices is yet to be issued.
The development comes a day after Petroleum Minister Ali Pervaiz Malik said that PM Shehbaz directed authorities to immediately pass on the benefit of declining international oil prices to consumers amid easing tensions in the Middle East.
More to follow
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