Pakistan slashes petrol price by Rs2.07 per liter till next fortnight 

A man fills petrol in his rickshaw at a fuel station in Karachi on August 16, 2023. (AFP/File)
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Updated 01 October 2024
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Pakistan slashes petrol price by Rs2.07 per liter till next fortnight 

  • New price of petrol is Rs247.03 per liter while that of diesel has been reduced to Rs246.29 per liter
  • Pakistan’s government has reduced price of petrol by Rs28.57 and diesel by Rs37.51 in past two months

ISLAMABAD: Pakistan’s Finance Division announced this week it had slashed the price of petrol by Rs2.07 per liter till the next fortnight due to the fluctuating global prices of petroleum products, with the move expected to ease inflation further in the South Asian country. 

Petroleum and electricity prices have been the key drivers of high inflation in Pakistan over the past two years. Inflation averaged close to 30% in FY23 and 23.4% in FY24, which ended on June 30, 2024. According to official figures, it eased to 9.6% in August this year. 

“Government has reduced the prices of petrol by Rs2.07 per liter and high speed diesel by Rs3.40 per liter for next fortnight,” state broadcaster Radio Pakistan reported on Monday. As per the Finance Division’s notification, a copy of which is available with Arab News, the new price of petrol is Rs247.03 per liter and diesel Rs246.29 per liter. 

The price of kerosene oil was also slashed by Rs3.57 per liter and light diesel by Rs1.03 per liter, with the new prices coming into effect from Oct. 1. 

“On the directions of Prime Minister Shehbaz Sharif, the government has reduced the price of petrol by 28.57 rupees and diesel by 37.51 rupees during last two months,” the state broadcaster said. 

Pakistan revises the price of petroleum products fortnightly, with the latest reduction following the government’s move to slash the price of petrol by Rs10 per liter on Sept. 15. In Pakistan, petrol is mostly used in private transport, small vehicles, rickshaws and two-wheelers, while any increase in the price of diesel is considered highly inflationary as it is mostly used to power heavy transport vehicles and particularly adds to the prices of vegetables and other eatables.

The latest fuel price adjustment takes place after the International Monetary Fund (IMF) formally approved a $7 billion loan program for Pakistan last week. The government says the development will further improve Pakistan’s macroeconomic indicators as it will strengthen its foreign reserves and allow Islamabad to meet is external financing obligations. 


Pakistan says responding to Afghan ‘offensive operations’ after border fire as tensions escalate

Updated 26 February 2026
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Pakistan says responding to Afghan ‘offensive operations’ after border fire as tensions escalate

  • Afghan Taliban spokesperson says “large-scale offensive operations” launched against Pakistani military bases
  • Pakistan says Afghan forces opened “unprovoked” fire across multiple sectors along shared border

ISLAMABAD: Afghanistan’s Taliban authorities said on Thursday they had launched “large-scale offensive operations” against Pakistani military bases and installations, prompting Pakistan to say its forces were responding to what it described as unprovoked fire along the shared border.

The escalation follows Islamabad’s weekend airstrikes targeting what it said were Tehreek-e-Taliban Pakistan (TTP) and Daesh militant camps inside Afghanistan in response to a wave of recent bombings and attacks in Pakistan. Islamabad said the strikes killed over 100 militants, while Kabul said dozens of civilians were killed and condemned the attacks as a violation of its sovereignty.

In a post on social media platform X, Afghan government spokesperson Zabihullah Mujahid said Afghanistan had launched “large-scale offensive operations” in response to repeated violations by the Pakistani military.

 

 

Pakistan’s Ministry of Information said Afghan forces had initiated hostilities along multiple points of the frontier.

“Afghan Taliban regime unprovoked action along the Pakistan–Afghanistan border given an immediate, and effective response,” the ministry said in a statement.

The statement said Pakistani forces were targeting Taliban positions in the Chitral, Khyber, Mohmand, Kurram and Bajaur sectors, claiming heavy Afghan casualties and the destruction of multiple posts and equipment. It added that Pakistan would take all necessary measures to safeguard its territorial integrity and the security of its citizens.

 

 

Separately, security officials said Pakistani forces had carried out counterattacks in several border sectors.

“Pakistan’s security forces are giving a befitting reply to the unprovoked Afghan aggression with full force,” a security official said, declining to be named. 

“The Pakistani security forces’ counter-attack destroyed Taliban’s hideouts and the Khawarij fled,” they added, referring to TTP militants. 

The claims from both sides could not be independently verified.

Cross-border violence has intensified in recent weeks, with Pakistan blaming a surge in suicide bombings and militant attacks on militants it says are based in Afghanistan. Kabul denies providing safe havens to anti-Pakistan militant groups.

The clashes mark the third major escalation between the neighbors in less than a year. Similar Pakistani strikes last year triggered weeklong clashes before Qatar, Türkiye and other regional actors mediated a ceasefire in October.

The 2,600-kilometer (1,600-mile) frontier, a key trade and transit corridor linking Pakistan to landlocked Afghanistan and onward to Central Asia, has faced repeated closures amid tensions, disrupting commerce and humanitarian movement. Trade between the two nations has remained closed since October 2025.