PM ANNOUNCES CUT IN OIL PRICES

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PM announces reduction of Rs 18/litre in Petrol, Rs 40.54/litre in diesel prices Meanwhile, Prime Minister Shehbaz Sharif, addressing the nation, announced a reduction in petroleum prices as a result of ease in global markets. The petrol price has been slashed by Rs 18 per litre, while the diesel price is reduced by Rs 40.54 per litre. PM Shehbaz blamed the PTI govt for the economic crises the country is facing. The PM said that the delay in IMF deal was result of PTI govt’s incompetence. He said the incumbent government has had to save the country from bankruptcy. He praised Finance Minister Miftah Ismail for reaching a deal with the IMF.