Pakistan, April 8 -- Petroleum product prices in Pakistan are expected to see a significant reduction following a sharp decline in global oil markets, offering potential relief to consumers burdened by rising inflation.

According to industry sources, petrol prices could decrease by up to Rs55 per litre, while diesel prices may witness a substantial cut ranging between Rs95 and Rs100 per litre. The anticipated reduction comes after international crude oil prices dropped notably in recent days.

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The final decision regarding the revised prices will be made by Shehbaz Sharif, who is also expected to address the nation later today. During his speech, the p...