Pakistan, May 30 -- The federal government has announced a major reduction in petroleum prices, lowering both petrol and high-speed diesel rates by Rs22 per litre in a move aimed at providing relief to consumers during Eid holidays.

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According to a statement issued by the Prime Minister's Office, the price cut reflects the government's commitment to passing on economic benefits to the public whenever fiscal conditions allow. Prime Minister Shehbaz Sharif said providing relief to citizens remains a top priority and that the latest reduction fulfills a promise made to the nation.

Following the revision, petrol will now be available at Rs381.78 per litre, while high-spee...