Islamabad: On Saturday, the government reduced the price of petrol by Rs 4 in the next fifteen days and high -speed diesel and high -speed diesel by Rs 4.
According to a Finance Division notification, the decision was taken by the Oil and Gas Regulatory Authority after reviewing and adjusting consumer prices for petroleum products in view of the recent volatility in the international oil market.
After adjustments, high -speed diesel (HSD), which is widely used in agriculture and transport sectors, will show a reduction in the price per liter. The new price of HSD will be Rs 263.95, which will be lower than the previous rate of Rs 267.95 per liter.
In addition to HSD, the price of petrol has also decreased by Rs 1 per liter. After a similar reduction in the second fifteen days of February 2025, the new petrol price will be Rs 256.13.
In addition, kerosene and light diesel prices have been reduced by Rs 5 per liter. Kerrical oil will now be available at Rs 171.65 per liter, while light diesel will cost Rs 155.81 per liter.
Expert reports earlier suggested that the final calculation on February 15 depends that the prices of the previous depot petrol will be reduced by Rs 2-2.50 per liter, while it is expected that HSD is almost. RS 9 RS9 will be reduced. Prices of kerosene and LDO were estimated that it had fallen around Rs 3.45 per liter.
The high prices of petroleum products are estimated by the decline in the international market.
In the last fifteen days, benchmark Brent prices have fallen by $ 2 a barrel. These sources said that the average HSD prices have declined by about $ 3 a barrel in the international market, while in the last fifteen days, petrol barrels have declined by about 90 cents. The previous correction cost of kerosene and LDO also came down. Imported premiums on gasoline decreased from $ 1 $ 7.75 a barrel to $ 8.8 a barrel, while it was not changed on diesel.
As a result, by February 29, the latest calculation rate decreased by almost LIT liter liters, Rs 2.50 per liter of petrol, Rs. Is
The former depot petrol is currently Rs 257.13 per liter, while HSD is Rs 267.95 per liter. The official rate of kerosene is Rs 174.85 per liter but it is sold for Rs 300-350 per liter.
