Islamabad ( The COW News Digital)The government of Pakistan has announced a revision in petroleum product prices for the next 15 days, effective from midnight, according to an official notification issued by the Ministry of Finance. The adjustment includes reductions of up to three rupees per liter for certain fuels, providing temporary relief to consumers amid rising energy costs.
Petrol prices have been maintained at Rs. 264.61 per liter, while high-speed diesel has seen a reduction of Rs. 3, bringing its new price to Rs. 269.99 per liter. Light diesel prices have been decreased by Rs. 2.40 per liter, and kerosene oil prices have been reduced by Rs. 1.46 per liter. The price adjustments will remain in effect for the next fortnight, after which the government will review and announce any further changes.
According to the Ministry of Finance, these changes are part of the routine fortnightly petroleum price adjustment mechanism, which takes into account global oil market trends, exchange rates, and domestic supply conditions. The government emphasized that the reductions aim to ease financial pressure on businesses and consumers, particularly transport operators and industries heavily reliant on diesel fuel.
Market analysts suggest that while the reductions provide temporary relief, long-term petroleum price stability will depend on global crude oil prices and domestic energy policies. The recent adjustments are expected to slightly reduce transportation and logistics costs, potentially impacting the prices of essential goods in the coming weeks.
Consumers and transporters have welcomed the announcement, describing the decrease in diesel prices as timely, especially for long-haul trucking and freight operations, which contribute significantly to the national supply chain. Meanwhile, petrol prices remaining unchanged indicate the government’s effort to balance fiscal considerations with consumer relief.
The Ministry of Finance has directed oil marketing companies to ensure smooth implementation of the new prices across the country. Regulatory authorities will monitor fuel stations to prevent overcharging and ensure that revised rates are applied uniformly in urban and rural areas.
This bi-weekly review mechanism continues to be a key tool for the government to manage fuel costs in line with global market trends while attempting to shield domestic consumers from sudden price shocks. Officials have urged the public to stay informed about petroleum price updates, which are published in official notifications and widely covered by media outlets.
