Petrol price reduced by Re1 per liter for the next fortnight Blogging Sole

An image of representation of a person filling the petrol in a car. - Reuters / File
An image of representation of a person filling the petrol in a car. – Reuters / File
  • New petrol price set at RS256.13 per liter.
  • The price of high -speed diesel has decreased from RS4 per liter.
  • Kerosene prices, light diesel oil have also decreased.

The federal government has announced a reduction in RE1 per liter of petrol prices for the next fortnight, from February 16, 2025, in accordance with the recent drop in world fuel markets.

According to a notification issued by the finance division on Saturday, the new gasoline price will be RS256.13 per liter, down RS257.13.

Likewise, the price of high -speed diesel (HSD) was reduced from RS267.95 to 263.95 after a reduction in RS4 per liter.

“The Petroleum Regulatory Authority (OGRA) has examined and adjusted consumer prices for petroleum products for recent fluctuations on the international oil market,” said notification.

Meanwhile, the prices of other petroleum products have also been reduced.

The new price of kerosene oil will be RS171.65, down by RS3.20 of RS174.85 per liter. Likewise, the price of light diesel oil has been reduced by RS5.25 from RS161.06 to Rs155.81 per liter.

Prodigal Existing price New price Increase / decrease
Essence 257.13 256.13 -1.00
Diesel at high speed 267.95 263.95 -4.00
Kerosene oil 174.85 171.65 -3.20
Light diesel oil 161.06 155.81 -5.25

Oil prices on the world markets have dropped a decrease in prospects for a peace agreement between Russia and Ukraine which could alleviate the world’s disruption of supply by ending sanctions against Moscow, but losses have been limited By delay in immediate American reciprocal prices.

According to analysts, global oil demand has increased to 103.4 million barrels per day (COPD), up 1.4 million b / d compared to the previous year.

Petrol is mainly used in private transport, small vehicles, ripe pousses and two-wheelers. The increase in fuel prices has a significant impact on the budgets of the members of the middle and lower classes, which mainly consume petrol for travel.

On the other hand, an important part of the transport sector is based on high -speed diesel.

Its price is considered to be inflationary because it is mainly used in heavy products transport vehicles, trucks, buses, trains and agricultural machines such as tractors, tube wells and batteries. The consumption of high -speed diesel contributes particularly to the increase in vegetable prices and other foods.

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