Following consultations with Prime Minister Shehbaz Sharif, the Petroleum Division issued a notification revising fuel prices for the next 15 days. Under the new rates, the price of high-speed diesel has been reduced by Rs14 per litre, while petrol prices remain unchanged.

According to the notification, diesel will now be sold at Rs265.65 per litre, down from its previous rate, while petrol will continue to cost Rs263.45 per litre. The revised prices will take effect from 12 midnight tonight and remain applicable for the next 15 days.

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Economic experts say the reduction in diesel prices is expected to benefit key sectors such as transport, agriculture, and industry, as diesel is widely used for freight movement, farming machinery, and power generation.

The government stated that the price adjustment aims to balance consumer relief with economic stability during challenging financial conditions.

Meanwhile, the Oil and Gas Regulatory Authority (OGRA) has also announced a reduction in Re-Gasified Liquefied Natural Gas (RLNG) prices for December.

According to OGRA’s notification, RLNG prices have been reduced by up to 5.9 percent. For Sui Northern Gas Pipelines Limited (SNGPL), prices were cut by 4.61 percent, setting the new rate at $11.82 per MMBtu. For Sui Southern Gas Company (SSGC), RLNG prices were reduced by 5.90 percent, bringing the tariff down to $10.77 per MMBtu.

OGRA confirmed that the revised RLNG prices will be applicable from December 1, offering some relief to gas consumers and energy producers.