Govt cuts petrol by Rs2.27, diesel by Rs3.56 per litre
Pakistan government reduced on Monday the price of petrol by Rs2.27 per litre to Rs389.03 and high-speed diesel (HSD) by Rs3.56 to Rs404.97 per litre, effective for September 29, 2026. According to a Petroleum Division notification, the price of HSD was reduced from Rs408.53 to Rs404.97 per litre, while the price of motor spirit (petrol) was declined from Rs391.30 to Rs389.03 per litre. The…
On Monday, the Pakistani government announced a reduction in the prices of petrol and high-speed diesel (HSD). The price of petrol was lowered by Rs2.27 per litre, bringing it down to Rs389.03 per litre. Similarly, the price of HSD was reduced by Rs3.56 per litre, decreasing it from Rs408.53 to Rs404.97 per litre. These revised prices will remain in effect until September 29, 2026, as per the Petroleum Division notification.
The price adjustment was prompted by global factors, such as changes in Platts rates, premiums, and incidentals. The government previously increased the price of petrol by Rs2.02 and decreased the price of diesel by Rs3.59 per litre on Friday. Meanwhile, crude oil prices surged approximately 2% on Monday due to US President Donald Trump's rejection of a peace deal proposed by Iran to end their conflict and reopen the Strait of Hormuz.
Brent futures climbed $1.68, or 1.6%, to $106 per barrel, while US West Texas Intermediate crude rose $1.69, or 1.8%, to $94.10 per barrel.
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