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Arab News
2 days ago
- Business
- Arab News
Pakistan maintains petrol price, slashes high-speed diesel by Rs12.84
KARACHI: Pakistan has slashed prices of petroleum products by as much as Rs12.84 per liter but maintained the price of petrol, its finance ministry announced late Friday. The government reduced the price of high-speed diesel by Rs12.84 to Rs272.99 per liter, according to a notification issued by the finance ministry. The price of superior kerosene oil was slashed by Rs7.19 to Rs178.27 per liter, whereas the rate of light diesel oil went down by Rs8.20 to Rs162.37. 'The government has decided to revise the petroleum product prices for the fortnight commencing August 16, 2025, in line with the recommendations of OGRA (Oil and Gas Regulatory Authority),' the finance ministry said. 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 for commoners as petrol is mostly used for private transport, small vehicles, rickshaws and two-wheelers, while diesel powers heavy vehicles used for transportation of good across the South Asian country On Aug. 1, Pakistan's government had slashed the price of petrol by Rs7.54 per liter and increased the price of high-speed diesel (HSD) by Rs1.48 per liter.
Arab News
16-06-2025
- Business
- Arab News
Pakistan hikes petrol, diesel prices in fortnightly review
KARACHI: Pakistan's government has increased fuel prices, raising the rate of high-speed diesel (HSD) by Rs7.95 per liter and petrol by Rs4.80 per liter effective from today, Monday, an official notification from the finance division said. The notification set the price of petrol at Rs258.43 per liter, up from Rs253.63, while high-speed diesel will cost Rs262.59 per liter, up from Rs254.64. The revision is based on 'recommendations from the Oil and Gas Regulatory Authority and relevant ministries,' the finance division saiad. The government did not provide a specific explanation for the hike. Fuel prices in Pakistan are generally influenced by global oil market trends, currency fluctuations, and changes in domestic taxes. Fuel costs are revised every two weeks and have a direct impact on inflation. Rising fuel prices increase production and transportation costs, leading to higher prices for goods and services across the board in Pakistan, including food and other essential items. This direct relationship is further amplified by the country's dependence on imported fuel.
