The Finance Division announced on Sunday that petrol prices will remain unchanged, while the price of high-speed diesel (HSD) has been reduced by Rs3 per litre for the next fortnight.
According to the notification, the new price of HSD stands at Rs269.99 per litre, while petrol remains at Rs264.61, the same as mid-August. Meanwhile, the prices of superior kerosene oil and light diesel oil have been cut by Rs1.46 and Rs2.40 per litre, respectively.
Petrol, commonly used in private cars, motorcycles, and rickshaws, directly affects middle- and lower-income households, while HSD plays a critical role in the transport and agriculture sectors. Its price is considered inflationary, as it impacts costs of transportation, farm machinery, and essential commodities like vegetables and food items.
The Finance Division said the revision was made in line with recommendations from the Oil and Gas Regulatory Authority (Ogra) and relevant ministries.
Earlier this week, the cabinet’s Economic Coordination Committee (ECC) approved a financial bailout for Pakistan Television (PTV), a Rs47 billion recovery plan in outstanding petroleum levy from Cynergico Refinery, and the utilization of captive levy funds on gas to reduce electricity tariffs for consumers.
On August 16, the government had already slashed HSD prices by Rs12.84 per litre, while keeping petrol unchanged. At that time, superior kerosene oil and light diesel oil prices were reduced by Rs7.19 and Rs8.20 per litre, respectively.
