ISLAMABAD – The federal government government on Wednesday lowered price of petrol by Rs15.39 for May 2024, and the new rate stands at Rs273.1.
The price of petrol, and diesel were lowered on the recommendation of Oil and Gas Regulatory Authority (OGRA). In a notification, the Finance Ministry said price of petrol move down up by Rs15.39 to Rs273.10 a liter, while that of diesel dropped by Rs7.88 to Rs.274.08 per litre.
The drop in fuel prices comes in the backdrop of changes in international market rates.
| Fuel Types | Price |
|---|---|
| Petrol | Rs273.10 |
| High-Speed Diesel | Rs274.08 |
Pakistani government change petroleum prices every fortnight as government uses formula to adjust prices based on international oil prices, exchange rates, and some other factors.
Petrol prices in Pakistan likely to fall – Expected petrol rates from May 16
