Petrol price cut by Rs4 as govt continues fuel relief measures

The federal government has announced a fresh reduction in petrol prices, lowering the rate by Rs4 per litre for

The federal government has announced a fresh reduction in petrol prices, lowering the rate by Rs4 per litre for the next fortnight while keeping the price of high-speed diesel unchanged.

According to a notification issued by the Petroleum Division, the price of petrol has been reduced from Rs381.78 to Rs377.78 per litre. Meanwhile, the price of high-speed diesel will remain stable at Rs380.78 per litre.

The latest revision marks the fourth consecutive decrease in fuel prices, providing further relief to consumers across the country. Officials said the decision was made in light of recent trends in the international oil market and to help ease financial pressure on the public.

The government has been gradually reducing fuel prices after a period of sharp increases earlier this year. Petroleum rates had surged following regional tensions in the Middle East that disrupted global oil supplies and pushed international crude prices higher.

At the height of the crisis, petrol prices reached record levels, creating concerns among consumers and businesses alike. In response to improving market conditions, authorities have introduced a series of reductions over the past several weeks.

Last week alone, petrol and diesel prices were cut significantly, with the government describing the move as a measure to provide relief ahead of Eid. The latest decrease continues that trend and is expected to reduce transportation costs for motorists.

Economic analysts believe that sustained stability in international oil markets could create room for further adjustments in domestic fuel prices. However, they caution that global geopolitical developments remain a key factor influencing petroleum rates.

The revised prices will remain in effect for the next fortnight, after which the government will conduct another review based on international market movements and exchange rate fluctuations.

Consumers have welcomed the continued reductions, expressing hope that fuel prices will remain stable and contribute to lowering overall inflationary pressures in the country.