The federal government on Friday reduced the price of petrol by Rs4 per litre while keeping the price of high-speed diesel (HSD) unchanged for the week ending June 12, reflecting recent movements in international oil markets.
Under the revised rates, petrol will now be sold at Rs377.79 per litre, down from Rs381.78 per litre. This marks the fourth consecutive weekly reduction in petrol prices, bringing the total decrease to around Rs37 per litre over the past month. Last week alone, the government lowered both petrol and diesel prices by Rs22 per litre.
Meanwhile, the ex-depot price of HSD remains unchanged at Rs380.78 per litre. The government adjusted taxes and levies to maintain the diesel rate despite fluctuations in global prices.
Diesel prices have fallen significantly from their peak of Rs520.35 per litre recorded in April. The government continues to collect substantial revenue through petroleum-related taxes and levies on both petrol and diesel, the country’s two most widely consumed fuels.
