The Pakistani government has reduced the price of petrol by Rs1 per liter for the next fortnight, the Finance Division announced late Friday.
After the latest revision, a liter of petrol will now cost Rs254.63, while the price of high-speed diesel remains unchanged at Rs258.64, according to a Finance Division notification.
“The Oil and Gas Regulatory Authority has worked out the consumer prices of petroleum products based on the price variations in the international market,” the notification read.
Fuel prices in Pakistan are reviewed and adjusted fortnightly. 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.
Petrol is mostly used in Pakistan for private transport, small vehicles, rickshaws, and two-wheelers. At the same time, diesel powers heavy vehicles used for transportation of good across the South Asian country.
