Parliament has approved an urgent proposal to reverse the hike in petrol prices.
The January 8 petrol price increase saw the price of premium Mumtaz (95 octane) fuel rise 25 per cent, from 160 fils to 200 fils per litre, and cheaper Jayyid (91 octane) fuel increase to 140 fils per litre, a 12pc rise from the previous 125 fils .