ISLAMABAD – Petrol and diesel prices have been slashed by up to Rs3 per litre, with new petrol price for September set at Rs259.10.
The relief comes amid relief from Prime Minister Shehbaz Sharif, who decided to cut prices to pass on relief to inflation weary people amid sky-high inflation.
With new announcement, the price of petrol has been slashed by Rs1.86 per litre, bringing it down from Rs260.96 to Rs259.10 per litre. Diesel rates have been lowered by Rs3.32 per litre, from Rs266.07 to Rs262.75 per litre.
Petrol Price in Pakistan
| POLs | New Price |
|---|---|
| Petrol | Rs259.10 |
| Diesel | Rs262.75 |
This marks the third consecutive reduction in fuel prices, with petrol prices having fallen by a total of Rs16.5 since July 30. In the previous review, petrol and diesel prices were reduced by Rs8.47 and Rs6.70 per litre, respectively.
Petrol, also known as mogas, is primarily used in private vehicles, rickshaws, and motorcycles. Rising fuel costs impact the budgets of middle- and lower-income groups, who depend heavily on petrol for transportation. High-speed diesel, used extensively in heavy goods vehicles, buses, trains, and agricultural machinery, plays a crucial role in the transport sector. Its price is often seen as a key driver of inflation, affecting the cost of goods like vegetables and other food items.
