The federal government has officially announced the latest petroleum product prices for the next 15 days, providing partial relief to consumers. According to the official notification, the price of petrol will remain unchanged, while high-speed diesel has seen a slight reduction.
Petrol Price Remains Unchanged
The price of petrol will stay at Rs. 264.61 per litre, maintaining stability for consumers at fuel pumps. This decision comes amid global oil price fluctuations, where the government opted not to increase petrol prices to shield the public from further financial pressure.
Diesel Price Reduced by Rs. 3 per Litre
In a positive move, the government has announced a Rs. 3 per litre cut in the price of high-speed diesel (HSD). The new price is set at Rs. 269.99 per litre. Diesel is widely used in transportation, agriculture, and industrial sectors, so this reduction is expected to provide cost relief in freight and food supply chains.
Effective Duration of Prices
The new fuel prices are effective immediately and will remain in force for the next 15 days. The government has stated that revisions are made in line with international market trends and domestic economic considerations, ensuring a balance between revenue generation and consumer affordability.
Impact on Consumers
While petrol users will see no change, the reduction in diesel prices is likely to lower transportation costs, indirectly benefiting the general public. Experts believe that even small adjustments in fuel prices can have a ripple effect on inflation across essential goods and services.
Looking Ahead
Fuel price announcements in Pakistan are typically made twice a month, depending on global oil prices and exchange rate variations. The next review is expected in mid-September, where further adjustments may be made based on international crude oil market trends.
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