Govt reduces petrol price by Rs2.20, HSD by Rs1.50 for next three days
The federal government on Friday reduced the prices of petrol and high-speed diesel (HSD) by Rs2.20 and Rs1.50 per litre, respectively, for the next three days, until August 10. According to a notification issued by the Ministry of Petroleum, the price of petrol has been fixed at Rs327.62 per litre, while HSD will now cost Rs380.86 per litre. The latest revision comes a day after the government decreased petrol by Rs3.19 and HSD by Rs1.50 per litre for Aug 7. READ: Govt reduces petrol price by Rs3.19, HSD by Rs1.50 for August 7 On July 17, the government introduced a daily fuel price review mechanism amid volatility in global oil prices following renewed hostilities in the Middle East. The daily fuel prices are based on a seven-day average of international market rates to align with international standards. According to the Pakistan Economic Survey 2024-25, petroleum products constitute one of the country's largest import categories, making the economy highly vulner...