Finance Division Keeps Petrol Price Unchanged, Diesel Gets a Rs 3 Cut for the Next Fortnight
The Finance Division announced late Sunday that petrol will remain steady at Rs 264.61 per litre—no change from early August—while high-speed diesel (HSD) will be reduced by Rs 3 per litre, bringing the new rate to Rs 269.99 per litre for the upcoming fortnight.
- Petrol, commonly used in private cars, motorcycles, rickshaws, and other small vehicles, has a strong impact on the budgets of middle- and lower-middle-income families.
- HSD, relied upon by heavy transport—including trucks, buses, tractors, trains, and agricultural engines—as well as tube wells and threshers, is considered inflationary. The price cut is expected to ease costs, particularly for food items such as vegetables and groceries.
Also from the Finance Division’s notification (available via Dawn.com):
- Superior Kerosene Oil (SKO) price has been lowered by Rs 1.46 per litre.
- Light Diesel Oil (LDO) has been reduced by Rs 2.40 per litre.
These adjustments, aligned with OGRA (Oil and Gas Regulatory Authority) recommendations and government ministries, take effect from September 1.
In related economic developments, the Economic Coordination Committee (ECC) recently approved:
- A financial bailout for Pakistan Television (PTV)
- A Rs 47 billion recovery plan for outstanding petroleum levy from Cynergico Refinery
- The use of proceeds from the gas captive levy to reduce electricity rates for all consumers
Source: Dawn News
