Govt slashes petrol price by Re1 for next fortnight

[Such TV]

Govt slashes petrol price by Re1 for next fortnight

The federal government has announced a Re1 per litre cut in petrol prices for the next fortnight, effective March 29, 2025, offering slight relief to consumers amid fluctuating global oil rates.

Petrol will now be available at Rs254.63 per litre, reflecting a decrease from Rs255.63, as per the Finance Division's notification.

However, the government kept the price of high-speed diesel (HSD) unchanged at Rs258.64 per litre.

"The Oil & Gas Regulatory Authority (Ogra) has worked out the consumer prices of petroleum products, based on the price variations in the international market," the notification stated.

The federal government had previously maintained petroleum prices on March 15 for the fortnight.

Petrol is mainly used in private transportation, small vehicles, rickshaws, and two-wheelers. Higher fuel prices significantly impact the budgets of the members of the middle and lower-middle classes, who primarily consume petrol for commuting.

On the other hand, a significant portion of the transport sector relies on high-speed diesel.

Its price is considered inflationary since it is predominantly used in heavy goods transport vehicles, trucks, buses, trains, and agricultural machinery such as tractors, tube wells, and threshers. The consumption of high-speed diesel particularly contributes to the increased prices of vegetables and other food items.

https://www.suchtv.pk/business/item/1306...night.html