Islamabad, February 28, 2025 – The government of Pakistan has announced a reduction in petroleum prices for the first half of March 2025, providing some relief to consumers amid fluctuating global oil rates.
According to an official notification issued by the Finance Division on Friday, the price of petrol has been cut by Rs 0.50 per litre, bringing it down from Rs 256.13 to Rs 255.63 per litre. The revised petroleum prices will take effect from March 1, 2025.
The price of high-speed diesel (HSD) has also seen a significant reduction. Previously priced at Rs 269.26 per litre, it has now been lowered by Rs 5.31, making the new rate Rs 263.95 per litre. The adjustment in petroleum prices comes as part of the routine fortnightly review conducted by the Oil & Gas Regulatory Authority (OGRA) in response to international oil market trends.
In addition to petrol and diesel, the government of Pakistan has also slashed the prices of other petroleum products. The price of kerosene oil, widely used in rural areas for cooking and heating, has been reduced by Rs 3.53, bringing it down to Rs 168.12 per litre from Rs 171.65. Similarly, light-diesel oil (LDO), primarily used in industrial applications, has been lowered by Rs 2.47, with the new price set at Rs 153.34 per litre, down from Rs 155.81.
Petrol remains the most commonly used fuel in Pakistan, particularly for private transportation, motorcycles, and rickshaws. The cost of petrol directly impacts the daily budgets of middle- and lower-income groups who rely on it for commuting. Meanwhile, high-speed diesel is a critical fuel for the transport and agricultural sectors. It powers heavy goods transport vehicles, buses, trucks, and railway operations, as well as farm machinery such as tractors and threshers. Any fluctuation in petroleum prices, particularly in diesel rates, has a direct effect on inflation, influencing the cost of essential goods like vegetables and food items.
The latest revision in petroleum prices reflects the government’s ongoing efforts to balance domestic fuel costs with global market trends. With economic challenges persisting, Pakistan continues to adjust petroleum prices strategically to ease financial burdens on consumers while ensuring stability in the energy sector.
