In a move to provide some relief to people during Ramazan from the persistently high inflation, the federal government on Friday reduced the price of high-speed diesel (HSD) by Rs1.77 per litre while maintaining the tariffs of petrol, according to a statement issued by the Finance Division.
According to the statement, the HSD would now be available at Rs285.56 per litre. The price of petrol has been kept at Rs279.75 per litre. The prices would be effective from midnight today.
The statement underscored that these revisions align with the recommendations of the fuel regulator, the Oil and Gas Regulatory Authority (Ogra).
High-speed diesel is widely used in transport and agriculture sectors. Any revision in its price leaves an inflationary impact on the lives of common citizens.
Read more: Petrol price slashed by Rs8 per litre
Petrol is mainly used in motorbikes and passenger cars and it is also an alternative to the compressed natural gas (CNG) which is consumed by many car owners.
Owing to the scarcity of locally produced gas, the transport sector in Punjab primarily uses petrol and imported liquefied natural gas (LNG).
Kerosene oil is used for cooking purposes in far-off areas of the country, especially its northern parts where liquefied petroleum gas (LPG) is not readily available. Pakistan Army is also a major consumer of kerosene oil.