Government announces reduction in Petrol, Diesel prices | The Express Tribune

The government has announced a reduction in fuel prices, effective from February 16, 2025.

High-speed diesel (HSD), which is widely used in agriculture and transport sectors, will see a price drop of Rs4 per litre. The new price for HSD will be Rs263.95, down from the previous rate of Rs267.95 per litre.

In addition to HSD, the price of petrol has also been reduced by Rs1 per litre. The new petrol price will be Rs256.13, following a similar decrease in the second fortnight of February 2025.

Furthermore, the prices for kerosene and light diesel have been lowered by up to Rs5 per litre. Kerosene will now be available at Rs171.65 per litre, while light diesel will cost Rs155.81 per litre.

In a statement, the finance ministry said that the Oil & Gas Regulatory Authority (OGRA) had reviewed and adjusted consumer prices for petroleum products in light of recent fluctuations in the international oil market.

It further stated that the prices of these products had been fixed for the next fortnight of the current month.”