Fuel prices are revised every 15 days, taking into account international market trends and exchange rate fluctuations.
Govt Announces New Petrol Prices for Next 15 Days: Latest Rates Inside! The federal government has reduced the prices of petrol and high-speed diesel (HSD) by Rs2 per litre each for the upcoming fortnight, according to a notification issued on Tuesday, amid subdued trends in international oil markets.
Oil prices extended declines on Wednesday and were set for their largest monthly drop in almost three and a half years as the global trade war eroded the outlook for fuel demand, while concern over mounting supply also weighed.
Brent crude futures were down 77 cents, or 1.2%, at $63.48 a barrel by 1305 GMT. U.S. West Texas Intermediate crude futures dropped 74 cents, also 1.2%, to $59.68.
The revised rates, based on recommendations from the Oil and Gas Regulatory Authority (OGRA) and relevant ministries, will come into effect from May 1, 2025.
After the cut, petrol will be sold at Rs252.63 per litre, down from Rs254.63, while high-speed diesel will now cost Rs256.64 per litre, compared to its previous rate of Rs258.64.
The move follows minor adjustments in global oil prices and exchange rate stability, with the government passing on the impact to consumers as part of its biweekly price review mechanism.
Fuel prices are revised every 15 days, taking into account international market trends and exchange rate fluctuations.
However, a day before, sources told The News that petrol may decrease slightly by Re0.016 per litre, while high-speed diesel could see a marginal uptick of just Re0.01 per litre — changes so minimal they are unlikely to be passed on to consumers.
For the previous fortnight, the federal government announced that fuel prices would remain unchanged, and any savings would be diverted toward infrastructure projects.
Prime Minister Shehbaz Sharif, chairing a federal cabinet meeting, stated that the funds would be used to dualise the N-25 highway linking Chaman, Quetta, Khuzdar, and Karachi, upgrading it to motorway standards.
Additionally, the savings will help finance the construction of the M-6 and M-9 motorways (Sukkur-Hyderabad and Hyderabad-Karachi segments) and the completion of Phase 2 of the Kachhi Canal project to promote agricultural development in Balochistan.
