Diesel price cut approved, petrol unchanged

The federal government has announced a significant reduction in diesel prices, offering relief to consumers amid ongoing economic pressures. Prime Minister Shehbaz Sharif approved a decrease of Rs32.12 per litre in the price of diesel, according to an official statement issued by the Prime Minister’s Office.

Following the approval, the new price of diesel has been reduced from Rs385.54 to Rs353.43 per litre. The move is expected to ease transportation costs, which could have a positive impact on the prices of essential goods and overall inflation.

The statement added that the prime minister has directed authorities to ensure that the benefits of reduced petroleum prices are passed on to the public as quickly as possible. Diesel is widely used in transport and agriculture, making its price a key factor in the cost of living.

Government denies fake notification on petrol and diesel price changes

Meanwhile, the price of petrol has been kept unchanged, as confirmed by a notification issued by the Petroleum Division. The decision suggests a targeted approach by the government to manage fuel pricing while maintaining stability in other petroleum products.

In addition to diesel, the government has also reduced the price of kerosene oil by Rs21.34 per litre. The new price of kerosene stands at Rs428.81 per litre, which is expected to provide some relief to households that rely on it for cooking and heating, particularly in remote and colder regions.

Economic analysts believe the reduction in diesel prices could help lower transportation and production costs, although its overall impact will depend on how effectively the relief is passed on to consumers.

The latest adjustment reflects the government’s efforts to balance fiscal challenges with public relief measures amid fluctuating global oil prices.