ISLAMABAD (Khyber Mail): The government announced on Friday a reduction in the prices of all petroleum products, providing some relief to consumers amid fluctuating international oil market trends. The price of petrol has been decreased by Rs.0.50 per liter, bringing it down to Rs.255.63 from Rs.256.13, according to a press statement issued by the Ministry of Finance.
The Oil & Gas Regulatory Authority (OGRA) conducted a review and adjusted consumer prices accordingly. High-speed diesel (HSD) saw a significant reduction of Rs.5.31 per liter, lowering its price from Rs.263.95 to Rs.258.64. Similarly, the price of superior kerosene oil has been reduced by Rs.3.53 per liter, now priced at Rs.168.12, down from Rs.171.65. Light diesel oil (LDO) also experienced a cut of Rs.2.47 per liter, bringing its price to Rs.153.34 from Rs.155.81.
These adjustments are set to take effect immediately, reflecting the government’s efforts to align domestic fuel prices with global market fluctuations. The reductions are expected to provide some financial relief to consumers and businesses alike.