Petrol down to Rs336.03, diesel to Rs392.38

The federal government has announced a slight reduction in the prices of petrol and high-speed diesel for the next fortnight.

The federal government has announced a slight reduction in the prices of petrol and high-speed diesel for the next fortnight.

According to a notification issued by the Petroleum Division, the price of high-speed diesel has been reduced by Rs0.66 per litre. Following the latest revision, the new price of diesel has been fixed at Rs392.38 per litre.

The government has also lowered the price of petrol by Rs0.12 per litre. After the reduction, the new retail price of petrol now stands at Rs336.03 per litre.

The revised fuel prices came into effect after the issuance of the official notification by the Petroleum Division.

Petrol is widely used by private vehicles, motorcycles and small transport operators across the country, while high-speed diesel is mainly consumed by heavy transport, agricultural machinery and industrial sectors. Any change in fuel prices directly affects transportation costs, production expenses and the overall cost of living.

Although the latest reduction is modest, it provides some relief to consumers and businesses that rely on petroleum products for their daily operations.

The government reviews petroleum prices periodically, taking into account fluctuations in international oil markets, exchange rate movements and applicable taxes and levies before announcing revised rates. The latest adjustment reflects the government’s routine fuel price review mechanism.