The federal government has reduced the prices of petrol and high-speed diesel (HSD) for September 30, providing some relief to motorists amid continued changes in domestic and international fuel markets.
According to a notification issued by the Petroleum Division on Tuesday, the price of petrol has been reduced by Rs1.49 per litre, bringing the new price to Rs387.54 per litre. The price of high-speed diesel has also been cut by Rs2.73 per litre and now stands at Rs402.24 per litre.
The latest reduction comes shortly after another fuel price adjustment announced for September 29. Under that adjustment, petrol became cheaper by Rs2.27 per litre, while the price of HSD was reduced by Rs3.56 per litre.
Pakistan has shifted to a daily petroleum pricing mechanism, replacing the previous weekly system. Under the new arrangement, fuel prices can be reviewed and notified on a daily basis in response to changes in international oil prices and other market conditions.
The government has also introduced a fuel relief programme aimed at providing support to lower-income consumers. Under the programme, eligible motorcycles, three-wheelers and cars with engines of up to 800cc are eligible for a Rs100-per-litre fuel subsidy.
Around 11.8 million consumers are expected to benefit from the relief programme. Motorcycle and three-wheeler users can receive the subsidy on up to 20 litres of fuel per month, while eligible small-car owners can receive the relief on up to 30 litres.
Meanwhile, the government has continued to implement fuel conservation and austerity measures amid volatility in global energy markets. Shops and markets have been directed to close by 9pm, while marriage halls and similar venues are required to close by 10pm. Restaurants and food outlets can operate until 11pm, while takeaway and home delivery services remain exempt from the restrictions.
International oil markets have remained sensitive to geopolitical developments, particularly tensions in the Middle East and possible disruptions to major shipping and oil supply routes. Pakistan remains exposed to fluctuations in global crude prices because of its reliance on imported petroleum products.
Global oil prices declined on Tuesday as markets responded to signs of improving regional oil exports. The resumption of Saudi oil tanker loadings from Yanbu following the restoration of flows through the East-West Pipeline helped ease concerns about potential supply disruptions.
The latest reduction in petrol and diesel prices is expected to provide some short-term relief to motorists and transport users, while future fuel prices will continue to depend on international oil market movements and the government’s daily pricing mechanism.
