Prime Minister Imran Khan said on Saturday that people should feel some relief after petroleum prices were decreased due to a global slump in demand amid the pandemic, APA reports citing The International News.
The premier, in a statement, noted that inflation had previously risen in line with increases in the prices of petroleum products.
PM Imran said that the government, with the cooperation of district administrations, will initiate action against illegal profiteering.
He said that prices of items will be brought down under any circumstances, and strict action will be taken against those who do not comply.
The premier also directed the provincial governments of Punjab and Khyber Pakhtunkhwa to take measures for reducing inflation.
The government has slashed lower petroleum prices from May 1 until the end of the month.
According to the notification, the price of petrol has been brought down to Rs81.58 after a reduction of Rs15 per liter.
Meanwhile, the rate of high-speed diesel has been slashed by Rs27.15 per liter and reduced to Rs80.10.
The notification stated that kerosene oil and light diesel will now be sold at Rs47.44 and Rs47.51 per liter, respectively, after a reduction of Rs30.01 and Rs15 in their prices.