Pakistan will reduce petrol price and other petroleum products by up to Rs6.30 per litre starting Sunday. The government said the reduction reflects small changes in the international oil market. Petrol and diesel cuts will remain effective until December 15.
High-speed diesel (HSD) is expected to drop by Rs3.70 per litre, about 1.4 percent. Petrol rates may fall by Rs4.3 per litre, or 1.5 percent. Kerosene and light diesel oil (LDO) prices are also set to decrease slightly.
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Current ex-depot petrol price stands at Rs265.45 per litre, likely falling to Rs261.75. HSD is at Rs284.44 per litre, expected to drop to Rs280. Transport and agricultural sectors use diesel heavily.
Petrol and HSD prices affect daily costs for households and businesses. Price changes impact fares, vegetable costs, and overall inflation. The government has maintained high levies and customs duties on these fuels.
READ MORE:Petrol, diesel prices set to drop by up to Rs6.30 per litre from Sunday
Petrol price remains a key revenue source, generating over Rs1.161 trillion in FY25. The government expects petroleum levy collection to rise about 27 percent this fiscal year.