KARACHI: Pakistan has kept the price of petrol unchanged for the next fortnight while slashing the price of high-speed diesel by Rs3 per liter, a notification by the Finance Division said on Sunday, saying the decision had been taken based on the recommendations of the Oil and Gas Regulatory Authority (OGRA) and relevant authorities.
This is the second consecutive time the government has slashed the price of high-speed diesel but kept petrol prices unchanged. On Aug. 15, the Finance Division’s notification announced that the government had slashed the price of high-speed diesel by Rs12.84 but kept the petrol price unchanged.
The new price of high-speed diesel has been set at Rs269.99 per liter while the price of light diesel oil has been slashed by Rs2.40 rupees to Rs159.76 per liter. The new price of superior kerosene oil has been kept at Rs178.81 after the government slashed it by Rs1.46 per liter. Meanwhile, the government has kept the price of petrol unchanged for the next fortnight at Rs264.61 per liter.
“The government has revised petroleum product prices for the fortnight starting tomorrow, in line with the recommendations of OGRA and the ministries concerned,” the Finance Division said in its notification on Sunday.
The new prices come into effect from Monday.
Fuel prices in Pakistan are adjusted every two weeks and are influenced by global oil market trends, currency fluctuations and changes in domestic taxation. The mechanism ensures that the net impact of changes in import costs is passed on to consumers, helping sustain the country’s fuel supply chain.
However, the latest revision in prices is unlikely to have a major effect on citizens as petrol is mostly used for private transport, small vehicles, rickshaws and two-wheelers. Diesel, on the other hand, powers heavy vehicles used for transportation of good across the South Asian country.
