New petrol, diesel prices announced in Pakistan

The federal government has announced new prices for petrol and high-speed diesel, offering a slight reduction in the price of petrol while increasing the price of diesel.

According to a notification issued by the Petroleum Division, the price of petrol has been reduced by Rs0.35 per litre, bringing the new retail price to Rs315.80 per litre.

Meanwhile, the price of high-speed diesel has been increased by Rs5.71 per litre. Following the latest revision, the new retail price of diesel now stands at Rs360.06 per litre.

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The revised fuel prices have been approved following recommendations by the Oil and Gas Regulatory Authority (OGRA), which periodically reviews petroleum prices based on international oil market trends and other relevant pricing factors.

The Petroleum Division said the new prices came into effect from 12am and will remain in force until the next scheduled fuel price review.

The latest revision provides limited relief to petrol users. However, transporters, businesses and industries that rely on diesel are expected to face higher operating costs due to the increase in diesel prices.