Govt Decreases Petrol Price for First Time in Over a Month

The federal government has announced a reduction in petroleum product prices, marking the first decrease in petrol prices after three consecutive hikes.

According to a notification issued by the Ministry of Finance, the price of petrol has been decreased by Rs. 1, bringing the new price to Rs. 256.13 per liter. Similarly, the price of high-speed diesel (HSD) has been slashed by Rs. 4, setting the new rate at Rs. 263.95 per liter. These revised prices have taken effect from February 16, 2025.

The Finance Division stated that the new fuel prices have been adjusted in response to recent fluctuations in the international oil market. The move comes as part of the government’s periodic review of petroleum prices, aiming to reflect global market trends in domestic fuel pricing.

During the last fortnightly review, the government had raised the price of petrol by Rs. 1, increasing it to Rs. 257.13 per liter, while HSD saw a Rs. 7 hike, bringing it to Rs. 267.95 per liter. The latest decrease offers slight relief to consumers after a series of price hikes over the past month.

The adjustment in fuel prices is expected to have a moderate impact on transportation and inflation. Meanwhile, local refineries have urged the Oil & Gas Regulatory Authority (OGRA) to regulate diesel and petrol imports to ensure stability in the domestic oil industry.

Petroleum Price Adjustments (Effective February 16, 2025)

Product	Previous Price (Rs./L)	New Price (Rs./L)	Change (Rs./L)
Petrol	257.13	256.13	-1.00
High-Speed Diesel (HSD)	267.95	263.95	-4.00

With fuel prices remaining a critical economic concern, further adjustments will depend on global market trends and government policies in the coming weeks.