Petrol price increased by Rs1.19 per litre, diesel becomes cheaper

The federal government has increased the price of petrol by Rs1.19 per litre while reducing the price of high-speed diesel

ISLAMABAD: The federal government has increased the price of petrol by Rs1.19 per litre while reducing the price of high-speed diesel by Rs1.91 per litre, according to a notification issued by the Petroleum Division.

Following the latest revision, the price of petrol has been fixed at Rs394.83 per litre, while the new price of high-speed diesel has been set at Rs395.85 per litre.

The Petroleum Division issued an official notification regarding the changes in petroleum prices, confirming an increase in petrol prices and a reduction in the price of diesel.

According to the revised rates, consumers will now have to pay Rs394.83 for a litre of petrol, compared with the previous price after an increase of Rs1.19 per litre. Meanwhile, high-speed diesel has become cheaper by Rs1.91 per litre, bringing its price down to Rs395.85 per litre.

The adjustment comes as changes in petroleum prices remain closely linked to developments in the international oil market as well as domestic pricing considerations. Petroleum prices are periodically reviewed by the government based on relevant factors affecting the cost of imported fuel and the overall pricing mechanism.

The latest decision means that petrol and high-speed diesel prices have moved in opposite directions. While petrol consumers will face a higher cost at filling stations, diesel users will receive some relief following the reduction in the price of high-speed diesel.

Petrol is widely used by private vehicle owners, motorcycles, public transport and other forms of transportation, meaning changes in its price can have a direct impact on household budgets and daily commuting expenses.

Diesel prices, meanwhile, are particularly important for the transport, agriculture and logistics sectors. High-speed diesel is extensively used by heavy vehicles, buses, trucks, machinery and agricultural equipment. A reduction in diesel prices can therefore provide some relief to businesses and sectors that depend heavily on diesel-powered transportation and machinery.

The latest revision is also expected to be closely watched by consumers and businesses because changes in fuel prices can influence transportation costs and, indirectly, the prices of various goods and services.

The Petroleum Division’s notification formally confirms the revised rates and provides the basis for fuel prices to be charged following the latest adjustment.

With petrol now priced at Rs394.83 per litre and high-speed diesel at Rs395.85 per litre, both major petroleum products remain close to the Rs400-per-litre mark.

The latest increase in petrol prices is likely to draw attention from motorists already facing high transportation expenses, while the reduction in diesel prices could offer limited relief to commercial transport operators and other diesel-dependent users.

Fuel prices remain an important component of Pakistan’s broader economic situation, as fluctuations can affect household spending, transportation costs, businesses and inflationary pressures.

The government is expected to continue monitoring international oil prices and other relevant factors as part of its periodic review of petroleum product prices.

For consumers, the latest notification means that petrol will cost Rs1.19 more per litre, while high-speed diesel will be available at Rs1.91 less per litre. The revised prices have been officially notified by the Petroleum Division.