- Petrol remains fixed at Rs 299.50 per litre.
- HSD remains unchanged at Rs 311.47 per litre.
- Notification is issued regarding withholding of fuel rates.
The federal government maintained gasoline and diesel prices following a weekly review on Friday.
The price of petrol remained at Rs 299.50 per litre, while diesel price remained unchanged at Rs 311.47 per litre, according to a Petroleum Division notification.
Kerosene price reduced by Rs 6.85 per liter
The price of kerosene has been reduced by Rs 6.85 per liter, according to a notification issued by the Oil and Gas Regulatory Authority (OGRA).
After the reduction, the new price of kerosene has been fixed at Rs 227.05 per litre.
Earlier, kerosene oil was available at Rs 233.90 per litre.
Last week, the government announced a substantial reduction in fuel prices, reducing the price of petrol by Rs 74 per liter and that of diesel by Rs 67 per liter amid a sharp decline in international crude oil prices and an easing of geopolitical tensions in the Middle East.
The relief package was announced by Prime Minister Shehbaz Sharif, and the reductions were aimed at passing on the benefit of lower global oil prices to consumers.
The price cuts followed the US-Iran peace deal, facilitated by Pakistan’s diplomatic efforts, and the subsequent reopening of the Strait of Hormuz, a key global energy transit route that helped ease concerns about oil supply and contributed to a drop in international crude prices.
The government had also reduced the price of kerosene by Rs 48.29 per liter, bringing it down from Rs 282.19 per liter to Rs 233.90 per liter.
Petrol is mainly used by travelers in small vehicles, rickshaws and two-wheelers. Higher fuel prices significantly impact the budgets of middle and lower middle class households, who rely on gasoline for their daily commutes.
On the other hand, a significant part of the transportation sector depends on high-speed diesel. Its price is considered inflationary as it is predominantly used in heavy goods vehicles, trucks, buses, trains and agricultural machinery such as tractors, tube wells and threshers.
