LCCI welcomes cut in petrol prices

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) welcomed the government’s announcement of a significant reduction in petroleum product prices, terming it a much-needed relief for businesses, consumers, and the overall economy.

LCCI President Faheem-ur-Rehman Saigol said in a statement that the substantial reduction in petrol and diesel prices will have a direct positive impact on transportation costs, production expenses, and overall supply chain efficiency. He stated that this step will help ease inflationary pressures and restore confidence in the business community.

“Lower fuel prices mean lower cost of doing business, which ultimately leads to increased economic activity,” he added.

Copyright Business Recorder, 2026