ISLAMABAD, Pakistan: Prime Minister Nawaz Sharif on Friday announced reduction in petrol prices by Rs 9.43 per litre in order to provide relief to public.
In his address at the special meeting of the federal cabinet in Islamabad on Friday, the prime minister said that price of Kerosene oil has been reduced by Rs 8.16 per litre, reaching at Rs 87.52 from Rs 95.52.
The prime minister said that the federal government is drastically reducing the petroleum prices despite sit-ins and protests caused huge losses to the national economy.
Sharif said that the government is committed to bring economic change in the country and provide relief to the people.
The premier said that the government was moving towards economic stability, but sit-ins and protests disrupted the development process. He, however, expressed the resolve that we will bring economic prosperity in the country.