Pakistani Prime Minister Anwaar-ul-Haq Kakar announced a significant reduction in petrol prices, effective immediately. The price decrease aims to provide economic relief to citizens grappling with high inflation and a struggling economy. While the exact amount of the cut wasn’t specified in the initial announcement, it was described as “substantial” by the Prime Minister. This decision follows weeks of fluctuating global oil prices and pressure on the interim government to address the rising cost of living. The move is expected to impact government revenue and may be linked to adjustments in the petroleum levy. Further details regarding the new petrol price and the rationale behind the reduction are anticipated in a formal notification.