Pakistan's government has announced a reduction in petrol prices by Rs7.54 per liter for the next two weeks, bringing the new rate to Rs264.61 per liter starting August 1. Meanwhile, the price of high-speed diesel has been increased by Rs1.48 per liter, now costing Rs285.83 per liter. The decision follows a review of international market trends and recommendations from relevant authorities. This move comes after several recent fuel price hikes, which had contributed to rising inflation and increased costs for essential goods and services. The latest adjustment is expected to offer some relief to consumers amid ongoing economic pressures and recent volatility in global oil markets.