The federal government has announced new petroleum prices, offering relief to diesel consumers. High-speed diesel prices have been reduced by Rs14 per litre. Meanwhile, petrol prices have been kept unchanged.
The decision was formally issued through a notification by the Petroleum Division. The revised rates will come into force after midnight. This change follows the government’s regular fuel price review process.
Updated Petrol and Diesel Rates Explained
Under the new pricing structure, petrol will continue to be sold at Rs263.45 per litre. No adjustment has been made to its current rate. As a result, petrol consumers will not see any immediate price relief.
In contrast, high-speed diesel prices have been reduced significantly. The new diesel price stands at Rs265.65 per litre. Previously, diesel was being sold at Rs279.65 per litre.
This reduction offers noticeable relief to sectors that rely heavily on diesel. Transport, agriculture, and industrial users are expected to benefit the most.
When the New Prices Will Apply
The revised fuel prices will take effect from midnight tonight. Fuel stations across the country are required to implement the new rates immediately. Authorities have instructed relevant departments to ensure compliance.
Consumers filling diesel after midnight will receive fuel at the reduced price. Petrol users, however, will continue paying the existing rate.
Why Petrol Prices Remain Unchanged
The government reviews petroleum prices periodically. These reviews consider international oil market trends and domestic fiscal conditions. In this cycle, authorities decided not to revise petrol prices.
Officials aim to balance consumer relief with revenue requirements. Maintaining petrol prices helps manage fiscal pressures. At the same time, diesel relief targets sectors linked to economic activity.
Impact of Diesel Price Reduction
Diesel plays a vital role in Pakistan’s economy. It powers goods transport, agricultural machinery, and generators. Lower diesel prices may reduce transportation costs.
As a result, prices of essential goods could stabilize. Farmers may also see reduced input costs. These effects could support broader economic activity.
Fuel Pricing Policy and Market Trends
The government adjusts fuel prices based on global oil rates. Exchange rate movements also influence domestic prices. Additionally, taxes and levies affect final consumer rates.
Through periodic reviews, authorities aim to reflect market realities. This approach helps avoid sudden shocks to consumers and businesses.
What Consumers Should Expect Next
Fuel prices will continue to change with market conditions. Consumers should expect regular updates through official notifications. Any future adjustments will depend on global oil prices and fiscal planning.
For now, diesel users gain immediate relief. Petrol consumers will need to wait for the next review cycle.
