Petrol price to remain stable for next fortnight
ISLAMABAD: In its initial biweekly evaluation since assuming office, the Shehbaz Sharif-led government has opted to keep the price of petrol steady at Rs279.75 per litre for the upcoming two-week period.
The Finance Division disclosed that diesel prices have been reduced by Rs1.77 per litre to Rs285.56 per litre.
| Product | Existing price | New price | Increase/Decrease |
| Petrol | Rs279.75 | Rs279.75 | Rs0 |
| Diesel | Rs287.33 | Rs285.56 | Rs-1.77 |
Effective from 12 am on March 16 until March 31, these price adjustments were confirmed by the Finance Division.
Insider sources from the ministry disclosed that kerosene oil prices have been decreased to Rs188.86 per litre following a reduction of Rs1.35 per litre, while the rate of light diesel oil has been slashed by Rs2.12 per litre.
The current petroleum development levy (PDL) imposed by the government stands at Rs60 per litre for petrol.
Additionally, consumers bear additional charges of Rs5.69 per litre as IFEM (Internal Freight Equalization Margin), Rs7.87 per litre as OMCs margin, and Rs8.64 per litre as dealers’ margin.
Similarly, HSD (High-Speed Diesel) consumers are subject to a Rs60 per litre PDL, along with Rs4.24 per litre IFEM, Rs7.87 per litre OMCs margin, and Rs8.64 per litre dealers’ margin.
