The government of Pakistan has announced a fresh cut in petrol and diesel prices for the next 15 days, following recommendations from the Oil and Gas Regulatory Authority (OGRA). This update brings some relief to consumers who have been affected by continuous changes in global oil markets. The latest price adjustment reflects the government’s effort to ease financial pressure on households and support businesses dependent on fuel.
Petrol Price Reduced for the Fortnight
According to the official notification, the price of Motor Spirit (petrol) has been reduced by Rs. 2.00 per litre. With this change, the new petrol price now stands at Rs. 263.45 per litre, down from the earlier rate of Rs. 265.45. This reduction, although small, is expected to ease daily travel costs for millions of commuters across the country.
High-Speed Diesel Price Cut Brings Relief
High-Speed Diesel (HSD) has also received a significant price reduction. The rate has been lowered by Rs. 4.79 per litre, bringing the new price to Rs. 279.65 compared to the previous Rs. 284.44. Diesel is widely used in transportation, agriculture, logistics, and goods movement, so this decrease may help stabilize market prices and reduce delivery costs for essential items.
Why the Government Adjusted Fuel Prices
The Finance Ministry stated that the decision aims to offer immediate relief amid ongoing fluctuations in global crude oil prices. International markets have been unpredictable, forcing many countries, including Pakistan, to review fuel prices frequently. By making timely adjustments, the government hopes to prevent long-term economic pressure and maintain balance in fuel supply and demand.
Impact on Consumers and Businesses
The revised prices are expected to positively influence public transportation, food supply, and commercial sectors. Lower diesel prices benefit transporters and farmers, which can eventually help normalize the prices of vegetables, groceries, and other essential goods. For private vehicle owners, even a small reduction in petrol provides noticeable savings in monthly travel expenses.
Stay Updated with the Latest Fuel Prices
Many consumers actively track daily fuel rate changes, and platforms like Mediabites continue to provide instant updates, market insights, and business news. Readers can stay informed through WhatsApp alerts and follow real-time updates on the website’s Business and Economy sections.
Read More: The Shocking Housing Scam in Islamabad & Rawalpindi
2 Comments
Pingback: AI Cybersecurity - SynthID, AI Technology Ethical AI
Pingback: Suthra Punjab, Punjab Waste Management, Forbes Pakistan