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PM Shehbaz announces reduction of Rs22 in petrol, diesel prices each

By Newsdesk May 29, 2026 Business & Finance, Pakistan News

LAHORE: The federal government on Friday decided to reduce petrol and diesel prices by Rs 22 per litre each.

Prime Minister Muhammad Shehbaz Sharif said that providing relief to the public was among his top priorities. The premier had promised the nation that relief would be provided to the public as soon as there was a room to do so.

 That promise had now been fulfilled exactly as stated and served as a gift to the public on the third day of Eid-ul-Azha.

It is pertinent to mention that last week, relief was also provided to the public through reductions in petrol and diesel prices.

 Even under the most difficult circumstances, the federal government continued providing relief to the people and offered fuel subsidies for public and goods transport, as well as for motorcycle and rickshaw users.

At a time when people in other countries in the region were standing in queues to obtain petrol, timely measures taken by Prime Minister Shehbaz Sharif ensured that petrol and diesel remained available to the public in Pakistan.

During the worst global oil crisis, despite rising international oil prices, the PM prevented increases in domestic fuel prices by providing subsidies of over Rs 130, thereby continuing to deliver relief to the public.

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