Lahore, July 29, 2024: A much-awaited relief is on the horizon for Pakistani consumers as petrol and diesel prices are set to decrease significantly from August 1. This follows a decline in international oil prices and reduced import premiums.

According to sources, petrol prices are expected to drop by around Rs. 2.90 per liter, while diesel prices could see a reduction of approximately Rs. 8.50 per liter. The new prices will be officially announced by the government on July 31.

This potential decrease in fuel prices comes as a welcome respite for the public, who have been grappling with rising inflation in recent months. However, the overall impact on prices of essential goods and services will depend on various factors.

Would you like to know more about the potential impact of this price decrease or other related news?