KEY POINTS
- Fuel prices in Pakistan are adjusted every two weeks due to global oil market trends
- As per new prices petrol will now cost Rs 265.45 per liter
ISLAMABAD: Pakistan has raised the price of petrol by Rs 2.43 a litre and high-speed diesel by Rs 3.02 per litre, effective from Friday midnight, the finance ministry said, as the country continues fortnightly fuel price adjustments linked to global oil markets and exchange rate movements.
According to an official notification issued by the Ministry of Finance, petrol will be sold at Rs 265.45 per litre, while HSD will now be available at Rs 278.44 per litre.
The ministry said the revision followed recommendations from the Oil and Gas Regulatory Authority (OGRA) and relevant ministries.
As per the official notification, the revised prices of petroleum products will come into effect at midnight and will remain in force for the next 15 days.
Petrol is widely used in small vehicles, rickshaws, and motorcycles, and directly affects middle- and lower-income households that rely on it for daily commuting.
Diesel, meanwhile, fuels most of the country’s transport sector, including trucks, buses, trains, and farm machinery such as tractors and tube wells.
On October 15, the Finance Division slashed the price of petrol by Rs 5.66 a litre and high-speed diesel by Rs 1.39 per litre, for the next fortnight.
Fuel pricing in Pakistan is reviewed fortnightly, with adjustments linked to global oil prices, currency exchange fluctuations, and taxation policies.
