Pakistan PM cuts petrol price a day after hike as Iran war drives oil shock

ISLAMABAD: Pakistan’s prime minister on Friday cut petrol prices by Rs80 ($0.29) per liter, a day after the government sharply raised fuel prices in response to the global oil shock triggered by the Iran war. The decision lowers petrol prices from Rs458.41 ($1.65) to Rs378 ($1.36) per liter from midnight (Saturday), partially reversing Thursday’s increase, when the government raised petrol by Rs137.24 ($0.49) per liter and diesel by Rs184.49 ($0.66) per liter. Diesel was raised to Rs520.35 ($1.87) per liter on Thursday.

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