From Dawn · News Desk · · 1m 50s
Petrol price down by Rs2.93 per litre
Government cuts petrol price by Rs2.93 per litre but raises high-speed diesel by Re0.61.
In brief
Government cuts petrol price by Rs2.93 per litre but raises high-speed diesel by Re0.61. Pakistan's government reduced petrol prices by Rs2.93 per litre to Rs395.37 while increasing high-speed diesel prices by Re0.61 per litre to Rs396.85. Originally reported by Dawn.
Government reduces petrol price
The government reduced the price of petrol by Rs2.93 per litre on Monday.
High-speed diesel price increases
The government increased the price of high-speed diesel by Re0.61 per litre.
New petrol price
Petrol will retail at Rs395.37 per litre following the revision.
New high-speed diesel price
High-speed diesel will cost Rs396.85 per litre after the change.
Taxes and duties
The government continues to levy Rs114 per litre in taxes and duties on petrol and Rs100 per litre on diesel.
Price history
The price of HSD has come down from a peak of Rs520.35 recorded on April 3.
HSD price trend
Its price had started rising from Rs281 per litre after the US-Iran war broke out on February 28.
Petrol price peak
The petrol price had peaked at Rs458.41 on April 3 after beginning its upward trajectory from Rs266 in the first week of March.
Austerity measures
The government has reintroduced austerity measures including closing markets by 9pm and cutting fuel allocations for official vehicles by 50 per cent for three months.
Relief scheme
Prime Minister Shehbaz Sharif announced a relief scheme for users of motorcycles, autos and vehicles up to 800cc to alleviate rising global oil prices.
Daily pricing
Petroleum Minister Ali Pervaiz Malik announced fuel prices would be fixed daily due to international market fluctuations following renewed US-Iran hostilities.
Monthly sales
Petrol and high-speed diesel are major revenue earners with monthly sales of 700,000 to 800,000 tonnes compared to 10,000 tonnes of kerosene.
The short version
Pakistan's government reduced petrol prices by Rs2.93 per litre to Rs395.37 while increasing high-speed diesel prices by Re0.61 per litre to Rs396.85.
