ISLAMABAD: In a welcome move for consumers, the federal government has announced a significant reduction in the prices of petroleum products by up to Rs5.66 per litre for the next 15 days, effective October 16.
According to a notification issued by the Ministry of Finance on Wednesday, the price of petrol has been reduced by Rs5.66 per litre, bringing it down from Rs268.68 to Rs263.02 per litre. The price of high-speed diesel (HSD) has been cut by Rs1.39, from Rs276.81 to Rs275.41 per litre.
Similarly, the price of kerosene oil has been reduced by Rs3.26, from Rs184.97 to Rs181.71 per litre, while light diesel oil (LDO) has been lowered by Rs2.74, from Rs165.50 to Rs162.76 per litre.
The new prices will remain in effect until October 31, after which the next review of fuel prices will be announced on November 1, the notification added.
Officials said the latest adjustment comes in response to a decline in global oil prices, aimed at passing on the benefit to consumers amid ongoing inflationary pressures.
This reduction marks one of the largest fuel price cuts in recent months, offering much-needed relief to households, transporters, and industries as Pakistan continues its fortnightly review mechanism for petroleum prices.
