The government on Friday slashed the price of high-speed diesel (HSD) by Rs12.84 per litre while it kept the petrol rate unchanged for the next fortnight.
According to a finance ministry statement, new petroleum product prices will be effective from August 15, 2025.
It said that the price changes were determined after reviewing international market trends and considering recommendations from the Oil and Gas Regulatory Authority (OGRA) and relevant ministries.
According to the statement, the price of High Speed Diesel (HSD) has witnessed a drop of Rs12.84 per litre, bringing the new price to Rs272.99 per litre. The high speed diesel is widely used in the agriculture and transport sectors. Therefore, fresh decline in its price is likely to bring some relief for consumers by lowering the cost of goods transport.
Farmers rely on HSD to run tractors, while the transport sector uses it for moving goods across the country. Therefore, the cost of transport goods may witness some decline.
The government kept the petrol price unchanged at Rs264.61 per liter.
Petrol is used in motorbikes and cars and is considered an alternative to compressed natural gas (CNG).
The price of kerosene oil has been cut by Rs7.19 per litre, bringing it down from Rs185.46 to Rs178.27 per litre, while light diesel oil has also seen a decrease of Rs8.20, falling from Rs170.36 per litre to Rs162.37 per litre.
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