The federal government has announced a 5-rupee cut in petrol prices.
The new prices for petroleum products came into effect from 12am (tonight, March 1) and remain in place till March 15.
Finance Minister Ishaq Dar in a video message on Tuesday evening announced a reduction in the price of petrol by Rs5 per litre.
Finance Minister notified that the new price of petrol was now Rs267 per litre from Rs272.
He added that the price of high-speed diesel would remain unchanged at Rs280 per litre.
“Kerosene oil’s current price of Rs202.73 is being brought to Rs187.73 after a reduction of 15 rupees. Light-diesel, which is at Rs196.68, is being brought to Rs184.68 after a reduction of 12 rupees,” Ishaq Dar said.
| Product | Existing prices w.e.f 16/2/2023 | New prices w.e.f 1/3/2023 | Decrease |
| Petrol | 272 | 267 | 5 |
| High-speed diesel | 280 | 280 | 0 |
| Kerosene | 202.73 | 187.73 | 15 |
| Light diesel oil | 196.68 | 184.68 | 12 |
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