Passenger and goods transporters announced to reduce the fares during a meeting presided by the Secretary Transport Punjab, Shaukat Khan here on Sunday.
Fares of the intra-city AC buses were reduced by 5-7 percent, while that of non-AC buses were slashed by 6 percent.
In a similar manner, charges of gasoline vehicles being run in Lahore were lowered by 9.2 percent.
On the other hand, local administration has constituted special teams for the implementation of new rates of petroleum products.
The DCO Lahore, Captain (R) Muhammad Usman told that the special teams will visit fuel pumps in all the towns of Lahore city and ensure the sale of petrol according to revised rates.
Moreover, the citizens in case of a complain can call 042-99210630.