ISLAMABAD – Prices of petrol and high-speed diesel (HSD) have been lowered for the next two weeks. According to an official notification issued by the Finance Division, petrol will now be available for Rs255.63 per litre, a decrease of Rs0.50 from the previous price of Rs256.13. The new price will take effect from March 1.
Finance Divisions said the price of high-speed diesel has been lowered by Rs5.31, dropping from Rs258.64 to Rs263.95 per litre. The Oil & Gas Regulatory Authority (OGRA) reviewed the prices of petroleum products following recent fluctuations in the international oil market, which prompted the adjustment.
Other petroleum products have also seen price cuts. Kerosene oil will now be priced at Rs168.12 per litre, a reduction of Rs3.53 from the previous price of Rs171.65. Additionally, light diesel oil has decreased by Rs2.47, from Rs155.81 to Rs153.34 per litre.
Petrol is primarily used in private transport such as cars, motorcycles, and rickshaws, and its price reduction is expected to benefit middle and lower-middle-class families who rely on it for commuting.
On the other hand, high-speed diesel, widely used in the transport sector for trucks, buses, and agricultural machinery, is considered an inflationary factor due to its role in the transportation of goods. The reduction in its price may help ease the rising cost of essential goods, including vegetables and other food items, which are heavily influenced by diesel prices.
The reduction in fuel prices comes as a welcome relief to consumers, particularly those in sectors heavily reliant on transportation and agriculture.
Petrol, Diesel prices lowered by upto Rs5 per litre for March 2025; Check New Rates here
