Government holds petrol price steady, cuts diesel by Rs3 per litre – SUCH TV

The federal government has decided to keep petrol prices unchanged while reducing high-speed diesel by Rs3 per litre for the next two weeks. According to an official notification from the Ministry of Finance, the new fuel rates will take effect from September 1.

The notification also stated that the price of Superior Kerosene Oil (SKO) has been reduced by Rs1.46 per litre, and Light Diesel Oil (LDO) by Rs2.4 per litre.

Under the new pricing, high-speed diesel will cost Rs269.99 per litre, SKO Rs176.81 per litre, and LDO Rs159.76 per litre.

Petrol is primarily used in small vehicles, rickshaws, and motorcycles, meaning any increase significantly impacts middle- and lower-income households who rely on it for daily commuting.

Meanwhile, a large part of the transport sector depends on high-speed diesel, making the reduction a relief for commercial transport operators.

Its price is considered inflationary due to its widespread use in trucks, buses, trains, and farm machinery, such as tractors and tube wells.

The increased cost of high-speed diesel directly contributes to the rising prices of vegetables and other essential food items.