PM Shehbaz likely to announce major cut in fuel prices tonight

In a significant relief for the public, Prime Minister Shehbaz Sharif is expected to announce a reduction in petroleum prices tonight, according to sources.

The prime minister is likely to unveil a substantial decrease in diesel prices, with estimates suggesting a reduction of up to Rs100 per litre. Petrol prices are also expected to be slashed by around Rs15 per litre, offering relief to consumers already burdened by rising living costs.

Sources said the premier will address the nation to explain the government’s decisions and take the public into confidence regarding the ongoing Islamabad talks, which have gained international attention in recent days.

The anticipated price cuts come amid broader economic and diplomatic developments, with the government aiming to provide immediate financial relief while highlighting its role in regional peace efforts.

If implemented, the reduction in fuel prices would mark one of the most significant decreases in recent months, potentially easing inflationary pressure and lowering transportation and commodity costs across the country.