Petrol, diesel prices cut for September 30

The federal government has reduced the prices of petrol and high-speed diesel (HSD) for September 30, offering motorists a slight relief at the pumps.

According to a notification issued by the Petroleum Division on Tuesday, petrol has been reduced by Rs1.49 per litre. Its new price stands at Rs387.54 per litre.

The price of high-speed diesel has been cut by Rs2.73 per litre, bringing it down to Rs402.24 per litre.

The latest adjustment follows another reduction announced for September 29, when petrol became cheaper by Rs2.27 per litre and HSD by Rs3.56.

Pakistan shifted to a daily petroleum pricing mechanism in July, replacing the previous weekly system. Under the new arrangement, fuel prices can be reviewed and notified each day in response to changes in international oil prices and other market conditions.

The government has also introduced a fuel relief programme for lower-income consumers. Under the scheme, eligible motorcycles, three-wheelers and cars with engines of up to 800cc are to receive a Rs100-per-litre subsidy.

Around 11.8 million consumers are expected to benefit from the programme. Motorcycle and three-wheeler users can receive relief on up to 20 litres of fuel per month, while eligible small-car owners can get the subsidy on up to 30 litres.

Meanwhile, the government has continued fuel conservation and austerity measures amid volatility in international energy markets. Shops and markets have been directed to close by 9pm, while marriage halls and similar venues must close by 10pm. Restaurants and food outlets are allowed to operate until 11pm, with takeaway and home delivery services exempt from the restrictions.

Global oil markets remain sensitive to geopolitical developments, particularly tensions in the Middle East and possible disruptions to major shipping and oil supply routes. Pakistan, which relies heavily on imported petroleum, remains exposed to fluctuations in international crude prices.

International oil prices fell on Tuesday as markets responded to signs of improving oil exports from the region. The resumption of Saudi oil tanker loadings from Yanbu after the restoration of flows through the East-West Pipeline also eased some concerns over regional supplies.