ISLAMABAD: The Pakistani government has reduced the price of high-speed diesel Rs3 per liter, but kept the price of petrol unchanged, the finance ministry announced late Sunday.
Pakistan revises petroleum prices every fortnight. After the latest revision, a liter of diesel will cost Rs255.38, while that of petrol will continue to sell for Rs252.10.
Petrol is mostly used in Pakistan for private transport, small vehicles, rickshaws, and two-wheelers. At the same time, 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 Oil and Gas Regulatory Authority has worked out the consumer prices of petroleum products in view of the fluctuations in the international market in the last fortnight,” the finance ministry said on X.
“It has accordingly revised the petroleum products for next fortnight starting from December 16, 2024.”
The government also reduced the prices of kerosene oil and light diesel oil by Rs3.32 and Rs2.78 to Rs161.66 and Rs148.95, respectively.
On Dec. 1, Pakistan increased the price of petrol by Rs3.72 per liter due to varying prices of petroleum products in the international market.
Fuel prices in energy-starved Pakistan are instrumental in contributing to inflation. The South Asian country saw inflation hit a record high of 38 percent in May 2023.
Pakistan’s annual consumer inflation slowed to 4.9 percent in November, cooling from 7.2 percent in October.
Pakistan cuts diesel price by Rs3 per liter, keeps petrol unchanged
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Pakistan cuts diesel price by Rs3 per liter, keeps petrol unchanged
- Prices of kerosene and light diesel oil have also been decreased by Rs3.32 and Rs2.78, respectively
- Pakistan revises petroleum prices every fortnight based on variations in the international market
Saudi-backed Wafi Energy Pakistan announces 7.5 percent increase in profits last year
- Wafi Energy Pakistan operates one of country’s largest fuel retail, lubricants networks
- The company is also planning a Dubai-based subsidiary to expand its commercial activities
KARACHI: Wafi Energy Pakistan Limited, a subsidiary of Saudi Arabia-based Wafi Energy Holding, on Friday announced a Rs3.54 billion ($12.6 million) profit last year, marking a 7.5 percent increase from the previous year.
In 2025, Wafi Energy acquired Shell Pakistan and added 35 new retail sites to its network, including a second eco-friendly Shell site built with recycled plastic, bringing the Shell retail network to over 680 sites nationwide.
The lubricants business continued strong performance across both consumer and industrial segments and Wafi Energy said had continued its growth in indirect and process oil segments, besides expanding its mining portfolio.
“We delivered a strong business performance in 2025 and importantly, we did so while investing to grow. Our focus through the year was clear – to expand in priority growth areas, establish Wafi Energy in Pakistan and strengthen the Shell customer experience,” Zubair Shaikh, Wafi Energy Pakistan’s chief executive officer, said in a statement.
“In 2026, our ambition is to accelerate growth, build shareholder value and continue investing in the energy future for Pakistan.”
Wafi Energy Pakistan Limited, formerly Shell Pakistan Limited, operates one of the country’s largest fuel retail and lubricants networks. Shell plc divested its majority stake in 2024, after which the company was rebranded under Saudi ownership while continuing to market fuels and lubricants under the Shell brand.
The company said it remains focused on operational excellence and growth.
“The company is also advancing its investment strategy by planning a Dubai-based subsidiary to expand commercial activities and strengthen its regional presence,” it said.
“This strategic move underscores Wafi Energy’s commitment to sustainable growth and expanding its footprint.”
