A person uses a fuel nozzle to fuel up a car at a petrol station in Vienna, Austria. — Reuters/File
The government on Friday reduced the prices of petrol by Rs74 per litre and diesel by Rs67 per litre following a sharp decline in international crude oil rates and easing geopolitical tensions in the Middle East.
The relief comes in the wake of the US-Iran peace agreement, brokered and mediated with Pakistan’s diplomatic facilitation, and the subsequent reopening of the Strait of Hormuz, a critical global oil shipping route.
This is a developing story and is being updated with more details
