Islamabad: The government has announced a revision in petroleum product prices for the next fortnight, reducing the price of petrol by one rupee per liter. This adjustment brings the new price of petrol to 254.63 rupees per liter, effective immediately.

In this latest revision, the price of high-speed diesel remains unchanged at 258.64 rupees per liter. The decision to maintain the diesel price aims to balance the economic impact on various sectors reliant on this fuel.

The announcement, sourced from Pakistan Television, reflects the government’s ongoing strategy to adjust fuel prices in response to market conditions. This reduction in petrol price is part of a broader effort to manage inflationary pressures and make transportation more affordable for the general public.

The revision of petroleum prices is a regular practice by the government to align domestic prices with international market trends. The unchanged diesel price suggests a cautious approach to ensure stability in sectors heavily dependent on diesel, such as agriculture and transportation.

As these new prices take effect today, the government continues to monitor global oil prices and domestic economic conditions to determine future adjustments.