Petrol price rises by Rs2.02, diesel falls by Rs3.59 per litre

The government on Friday increased the price of petrol by Rs2.02 and slashed the rate of high-speed diesel by Rs3.59 per litre.

Following the revision, petrol will now cost Rs391.30, while high-speed diesel (HSD) will be sold at Rs408.53 per litre.

According to a notification issued by the Petroleum Division, the revised fuel prices will be applicable till September 28.

Under the revised framework, approved by the federal cabinet, Ogra will publish updated fuel prices on its website daily to improve transparency and allow consumers to benefit more quickly from changes in international oil markets.

The new pricing mechanism will be based on a rolling seven-day average of international petroleum prices, aligning Pakistan’s fuel-pricing system with global practices, Petroleum Minister Ali Pervaiz Malik said at a news conference last Friday.