Auto Power

Discover the Latest Motorbikes, Auto News, and Great Deals, Exclusively at  AutoPower!

Auto Power News logo-01
Petrol Prices Reduced in Pakistan

Pakistan Government Cuts Petrol and Diesel Prices effective 1st October 2024

October 1, 2024
0 Comments
Share

In a significant move, the Government of Pakistan has reduced the prices of petrol and high-speed diesel (HSD) as part of its fortnightly price revision. According to an announcement by the Ministry of Finance on Monday, petrol prices have been cut by Rs2.07 per litre, while HSD sees a larger reduction of Rs3.40 per litre.

The new price of petrol now stands at Rs247.03 per litre, while HSD is priced at Rs246.29 per litre. These revised rates will remain in effect for the next two weeks, offering slight relief to consumers across the country.

As reported by PTV News, the price of light diesel oil has also been slashed by Rs1.03, bringing it down to Rs140.90 per litre. Kerosene oil has seen a reduction of Rs3.57, making its new price Rs154.90 per litre.

The government had previously reduced petrol prices by Rs10 per litre, setting the rate at Rs249.10 in the last revision. Hi-octane fuel, which is typically sold at a higher rate, had been priced approximately Rs17 per litre more than regular petrol prior to the latest adjustment.

These price changes will take effect at midnight, with petrol stations across the country expected to start selling fuel at the revised rates from 12 AM.

The reduction in fuel prices comes as the government continues to adjust to fluctuations in the international oil market, while trying to mitigate the economic impact on the local population.


Share

Add a comment

Your email address will not be published. Required fields are marked *

Recent Posts

Welcome to Auto Power, Pakistan’s premier destination for motorcycles, scooties, and electric bikes. Additionally, our website keeps you updated with the latest news from the auto sector, ensuring you stay informed about the newest trends, releases, and advancements in the industry.

Latest News

  • All Posts
  • Auto News
  • Bike Launches
  • Car Launches
  • Car Prices
  • Car Reviews
  • Easy Installments
  • Electric Vehicle
  • Electronic Bikes
  • Motorcycle Prices
  • Motorcycle Reviews
  • Other News
  • Uncategorized
The Future of Urban Mobility: Renault Revives Twizy with the New Mobilize Duo
The Electric BMW M3: Bringing Back the Roar with Synthesized Engine Sounds
Mercedes x Adidas F1 Collection Launched: A Stylish New Era for Motorsport Fans
Tesla Sales Decline Across Europe Amidst a Growing EV Market
BYD Joins Forces with “Breathe Pakistan” to Champion Green Mobility
Lahore High Court Imposes Fine on Car Washing at Home to Combat Pollution