- Prices have been reduced online with world oil rates.
- Petrol will now be available for RS255.63.
- HSD reduced from RS263.95 to Rs258.64.
Islamabad: The federal government has reduced the price of gasoline by RE0.50 per liter for the next fifteen “for recent fluctuations on the international oil market”.
According to a notification issued by the finance division, petrol will now be available for RS255.63 per liter, against RS256.13.
The official notification has indicated that the new fuel prices will be in force from March 1.
Similarly, the price of high -speed diesel (HSD) was reduced from RS263.95 to Rs258.64 after a reduction of Rs 5.31 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 RS168.12, down by RS3.53 of RS171.65 per liter. Likewise, the price of light diesel oil has been reduced by RS2.47 from RS155.81 to Rs153.34 per liter.
| Products | Existing price | New price | Increase / decrease |
| Essence | 256.13 | 255.63 | -0.50 |
| Diesel at high speed | 263.95 | 258.64 | -5.31 |
| Kerosene oil | 171.65 | 168.12 | -3.53 |
| Light diesel oil | 155.81 | 153.34 | -2.47 |
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.