Shafaqna Pakistan: The government has announced a slight reduction in petroleum prices, lowering the rates of both petrol and high-speed diesel (HSD) for a three-day period starting August 1.
According to a notification issued by the Petroleum Division, the price of high-speed diesel has been reduced by Rs0.66 per litre, bringing the new retail price to Rs392.38 per litre.
The price of petrol has also been cut by Rs0.12 per litre, with the revised retail rate fixed at Rs336.03 per litre.
The updated prices will remain in effect from August 1 through August 3, according to the notification.
The government said the adjustment was made after considering movements in international oil prices along with prevailing domestic economic and fiscal conditions.
The latest adjustment offers limited relief to consumers amid continued fluctuations in global crude oil markets and ongoing economic pressures.
The latest revision follows the government’s regular review of fuel prices, which are determined based on international market trends, the exchange rate and domestic taxation policies.
Source: Dunya News
