The federal government has announced a decrease in the prices of motor spirit (MS) petrol and High-speed diesel (HSD) for the next 24 hours. According to a notification issued by the federal government, this marks the eighth consecutive reduction since last week.

Petrol prices have been cut by Rs. 3 per litre, bringing the cost to Rs. 332 per litre. Diesel has been made cheaper by Rs. 4, resulting in a new price of Rs. 360 per litre.

The price reductions follow a trend established on Wednesday, when the price of petrol was cut by Rs. 3 per litre to Rs. 335 per litre, and diesel was reduced by Rs. 7 to Rs. 364 per litre.

Since the beginning of the daily fuel rates update, petrol has gone up by Rs. 21.29/litre and diesel by Rs. 36.7/litre.