Pakistan, May 16 -- The federal government on Friday reduced petrol and diesel prices by Rs 5, according to a notification issued by the Petroleum Division.

According to the notification, the revised prices will take effect from May 16.

Following the decrease, the price of petrol stands at Rs 409.78 per litre and that of HSD at Rs 409.58.

Meanwhile, the Punjab government on Friday relaxed business operating hour restrictions across the province until June 1, suspending the mandatory closure of markets and commercial centres by 8pm.

According to an official notification, the decision will apply to markets, shopping malls, hotels, restaurants and food outlets throughout Punjab, with the decision taking effect immediately.

Lahore Deputy...