In a welcome move for Pakistanis, the federal government has reduced petrol and high-speed diesel (HSD) prices for the first half of June 2024. According to the latest announcement, petrol prices have been cut by Rs4.74 per litre, making the new price Rs268.36. Diesel prices have decreased by Rs3.86 per litre, now costing Rs270.22.
The Oil & Gas Regulatory Authority (OGRA) recommended these reductions. The Finance Ministry, in its notification, confirmed the new prices: petrol at Rs268.36 per litre and diesel at Rs270.22 per litre.
Petrol Prices Cut by Rs4.74 Per Litre for June 2024
In a welcome development for Pakistanis, the federal government has reduced the prices of petrol and high-speed diesel (HSD) for the first half of June 2024. According to the latest announcement, the price of petrol has been slashed by Rs4.74 per litre, bringing it down to Rs268.36, while diesel has seen a reduction of Rs3.86 per litre, setting the new price at Rs270.22 per litre. This price cut follows a recommendation from the Oil and Gas Regulatory Authority (OGRA). The Finance Ministry confirmed the new rates, with petrol now priced at Rs268.36 per litre and diesel at Rs270.22 per litre.
Latest Petrol Price in Pakistan from June 01, 2024
| Fuel Types | New Price | Total Reduction |
|---|---|---|
| Petrol | Rs268.36 | Rs4.74 |
| High-Speed Diesel | Rs270.22 | Rs3.86 |
Petrol Price in Pakistan Decreased
The Pakistani government regularly adjusts petrol prices on a fortnightly basis, taking into account fluctuations in international oil prices, changes in exchange rates, and other influencing factors. These adjustments are aimed at reflecting the current market conditions to ensure that fuel prices are aligned with global trends. This systematic review helps manage the economic impact on consumers and maintains stability in the fuel market. The latest reduction in petrol and diesel prices, announced for the first half of June 2024, follows this established procedure and provides relief to consumers amid changing economic circumstances.
