The federal government has reduced petrol and diesel prices for the next two weeks, citing recent fluctuations in global oil markets.
As per a notification from the Finance Division, the price of petrol has been lowered by Re0.50 per litre, bringing it down from Rs256.13 to Rs255.63. The new rates will take effect from March 1.
Similarly, the price of high-speed diesel (HSD) has been cut by Rs5.31 per litre, reducing it from Rs263.95 to Rs258.64.
“The Oil & Gas Regulatory Authority (OGRA) has reviewed petroleum prices and adjusted consumer rates in line with international market trends,” the notification stated.
Other petroleum products have also seen price reductions. The new price of kerosene oil is now Rs168.12 per litre, reflecting a decrease of Rs3.53 from Rs171.65. Likewise, light diesel oil has been reduced by Rs2.47 per litre, from Rs155.81 to Rs153.34.
Updated Fuel Prices (Effective March 1, 2025)
| Product | Previous Price (Rs) | New Price (Rs) | Change (Rs) |
|---|---|---|---|
| Petrol | 256.13 | 255.63 | -0.50 |
| High-Speed Diesel | 263.95 | 258.64 | -5.31 |
| Kerosene Oil | 171.65 | 168.12 | -3.53 |
| Light Diesel Oil | 155.81 | 153.34 | -2.47 |
Petrol is primarily used in private vehicles, motorcycles, rickshaws, and small cars, making fuel price changes particularly impactful for the middle and lower-middle classes.
In contrast, high-speed diesel is essential for the transport sector, powering heavy goods vehicles, buses, trains, and agricultural machinery such as tractors and tube wells. Diesel price fluctuations significantly influence inflation, particularly affecting the cost of transporting vegetables and other essential goods.
