Govt reduces petrol price by Rs1.70 per litre, HSD by Rs3.12 per litre
The Pakistani government has lowered the cost of petrol by Rs1.70 per litre and high-speed diesel (HSD) by Rs3.12 per litre, effective from September 23. This adjustment brings petrol to Rs392.05 per litre and HSD to Rs418.96 per litre. The government retains taxes of Rs114 per litre on petrol and Rs100 per litre on diesel. These new prices are a response to the surge in fuel costs due to the Middle East conflict.
The HSD price had peaked at Rs520.35 on April 3, while petrol hit Rs458.41 on the same date. The government has also implemented austerity measures, including a curfew for markets and a 50% reduction in fuel allocations for official vehicles. Earlier, Prime Minister Shehbaz Sharif announced a relief scheme for motorcycles, autos, and vehicles up to 800cc.
Fuel prices are now determined on a daily basis due to international market fluctuations following renewed hostilities between Iran and the US.
Written by urgent.news from Dawn Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
