{
  "id": 8278794,
  "title": "Govt reduces petrol price by Rs1.65 per litre, HSD by Rs0.88 per litre",
  "url": "https://urgent.news/2026/09/18/govt-reduces-petrol-price-by-rs1-65-per-litre-hsd-by-rs0-88-per-litre-8278794",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T17:45:37.000Z",
  "source": {
    "name": "Dawn Business",
    "slug": "dawn-business",
    "url": "https://www.dawn.com/news/2030920/govt-reduces-petrol-price-by-rs165-per-litre-hsd-by-rs088-per-litre"
  },
  "original_language": "en",
  "account": "The government announced on Friday a reduction of Rs1.65 per litre in the price of petrol and Rs0.88 per litre in the price of high-speed diesel (HSD). The revised prices will see petrol retailing at Rs389.14 per litre and HSD at Rs424.04 per litre. The government maintains taxes and duties of Rs114 per litre on petrol and Rs100 per litre on diesel. The new prices, as per the Petroleum Division’s notification, will take effect from September 19 (Saturday) to September 21 (Monday).\n\nThe Petroleum Division’s change in prices is primarily attributed to a rise in international market prices for petrol and diesel. The regulator cited the increase in prices as being linked to higher international market rates and premiums.\n\nThe price of HSD has decreased from a record high of Rs520.35 per litre, which was last seen on April 3. Its price began to rise from Rs281 per litre following the outbreak of the US-Iran war on February 28. Petrol's price peaked at Rs458.41 per litre after starting its upward trend from Rs266 in the first week of March.\n\nIn response to rising fuel prices, the government has implemented a series of austerity measures. A decree was issued on September 13 requiring markets to close by 9pm. Additionally, fuel allocations for official vehicles have been cut by 50 per cent for three months.\n\nThe Prime Minister announced a “relief scheme” on September 13 for users of motorcycles, autos and vehicles of up to 800cc to help alleviate the burden of rising global oil prices. Owners of two- and three-wheelers will receive a relief of Rs100 per litre on a monthly quota of 20 litres, while those with vehicles up to 800cc will receive the same relief on a monthly quota of 30 litres.\n\nIn July, Petroleum Minister Ali Pervaiz Malik announced that fuel prices would now be determined on a daily basis due to fluctuations in international market prices following renewed tensions between Iran and the US. Prior to this, fuel prices had been revised weekly since early March, alongside measures aimed at fuel conservation amid potential oil supply disruptions due to the ongoing Middle East conflict.\n\nThe federal government had also announced targeted relief measures to provide subsidised fuel in April. The prime minister had decided to give the Oil and Gas Regulatory Authority (Ogra) the responsibility of determining fuel prices daily based on international market trends. Petrol, used predominantly in private transport, small vehicles, rickshaws and two-wheelers, affects the middle and lower-middle classes, while diesel price changes impact the public at large as it is widely used in heavy transport, power plants and large generators. Petrol and HSD are the major revenue earners, with monthly sales of around 700,000 to 800,000 tonnes, whereas kerosene sees only 10,000 tonnes of monthly demand.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Dawn",
        "title": "Govt reduces petrol price by Rs1.65 per litre, HSD by Rs0.88 per litre",
        "url": "https://urgent.news/2026/09/18/govt-reduces-petrol-price-by-rs1-65-per-litre-hsd-by-rs0-88-per-litre",
        "published": "2026-09-18T17:39:44.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}