The Petroleum Division has issued an official notification announcing the latest fuel price decision following its weekly review of international oil market trends and domestic pricing adjustments.
The federal government maintained the prices of petrol and diesel following a weekly review on Friday.
The price of petrol was maintained at Rs299.50 per litre, while diesel remained unchanged at Rs311.47 per litre, according to a Petroleum Division notification.
According to the notification, the revised prices of petroleum products will take effect from the specified date and remain in force until the next scheduled review. The decision was made after assessing fluctuations in global crude oil prices, exchange rate movements, and applicable taxes and levies.
The government reviews petroleum prices on a weekly basis to align domestic fuel rates with changing international market conditions. Any increase or decrease in prices directly affects transportation costs, inflation, and household expenses across the country.
The latest notification outlines the updated prices for key petroleum products, including petrol and high-speed diesel, while authorities have advised oil marketing companies and fuel stations to implement the revised rates immediately. Further adjustments, if necessary, will be announced after the next weekly review.
According to a notification issued by the Oil and Gas Regulatory Authority (OGRA), the price of kerosene oil has been reduced by Rs6.85 per litre as part of the latest revision in petroleum product prices.
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Following the latest price revision, kerosene oil will now be sold at Rs227.05 per litre, down from the previous rate of Rs233.90 per litre, after a reduction of Rs6.85 per litre.
Meanwhile, the petroleum levy on high-speed diesel (HSD) has been increased by Rs6.57 per litre, according to Petroleum Division sources. The levy has been raised from Rs72.97 to Rs79.54 per litre.
The petroleum levy on petrol has also been revised upward by 39 paisa per litre, increasing from Rs66.25 to Rs66.64 per litre.
However, the petroleum levy on kerosene oil remains unchanged at Rs20.36 per litre.
The latest revision follows last week’s major fuel price cut, when the government reduced the price of petrol by Rs74 per litre and high-speed diesel by Rs67 per litre amid a sharp decline in global crude oil prices and easing tensions in the Middle East.
Prime Minister Shehbaz Sharif announced the relief package, saying the government was passing on the benefit of lower international oil prices to consumers.
The reduction came after the US-Iran peace agreement, in which Pakistan played a diplomatic role, and the reopening of the Strait of Hormuz, a critical global energy shipping route. The developments eased concerns over oil supplies and contributed to a drop in international crude prices.
As part of the same review, the government also slashed the price of kerosene oil by Rs48.29 per litre, reducing it from Rs282.19 to Rs233.90 per litre.
Petrol is primarily used by motorcyclists, rickshaw drivers and owners of private vehicles, making its price a key factor in the daily transportation costs of middle- and lower-income households.
High-speed diesel, on the other hand, fuels trucks, buses, trains and agricultural machinery, including tractors, tube wells and threshers. Consequently, changes in diesel prices have a direct impact on freight charges, farming costs and overall inflation.
