Islamabad (National Times): Prime Minister Shehbaz Sharif has announced a significant reduction in fuel prices, lowering petrol by 12 rupees per liter to 366 rupees, and diesel by 135 rupees per liter, bringing it down to 385 rupees per liter.
In a national address, the Prime Minister highlighted improving regional conditions, noting that countries previously on the brink of conflict are now moving toward dialogue and peace. He expressed gratitude to the leadership of Iran and the United States for accepting a ceasefire proposal and agreeing to participate in peace talks in Islamabad.
Sharif termed Pakistan’s role as host of these talks an honor and praised the efforts of the country’s leadership, including the foreign ministry and security institutions, particularly Field Marshal Asim Munir, for facilitating the ceasefire.
He emphasized that the next critical phase is achieving a lasting peace through meaningful negotiations, and assured that Pakistan will play its part with sincerity.
Addressing inflation, the Prime Minister reiterated his commitment to passing on the benefits of declining global oil prices to the public. He revealed that although there was a proposal to partially retain the price reduction to offset government expenditures, he rejected it in favor of providing full relief to citizens.
He also confirmed that the government’s subsidy package will continue despite the reduction in petroleum prices.