Pakistan Lowers Petrol and Diesel Pump Prices for September 29
In this article (9)
Pakistan cut petrol prices by Rs2.27 per litre and high-speed diesel by Rs3.56 per litre on September 28, adjusting retail fuel rates for nationwide transport and retail supply chains.
The revision sets the ex-depot price of petrol at Rs389.03 per litre and high-speed diesel at Rs404.97 per litre, with the updated rates taking effect on September 29.
Tax burdens and daily pricing
Official levies remain unchanged despite the downward revision. The federal government maintains Rs114 per litre in duties and taxes on petrol and Rs100 per litre on high-speed diesel, according to the Petroleum Division notification.
Daily price adjustments now govern the pump rate under an arrangement handed to the Oil and Gas Regulatory Authority in July. Petroleum Minister Ali Pervaiz Malik introduced daily revisions to track swings in imported cargo costs directly, replacing the previous weekly adjustment framework established in March.
Operating hours and transport pressure
For commercial store operators and logistics fleets, fuel costs remain a heavy overhead. Petrol and high-speed diesel drive nationwide freight and personal transit, with monthly consumption running between 700,000 and 800,000 tonnes each, compared with roughly 10,000 tonnes for kerosene.
Physical retailers face operational curbs alongside pump price volatility. The government has enforced early market shutdowns at 9pm to conserve energy, while cutting fuel quotas for official vehicles by 50 per cent over a three-month window.
Trajectory from April peaks
Pump rates remain below the record highs set earlier in the year. High-speed diesel traded at a peak of Rs520.35 per litre on April 3, climbing from Rs281 per litre before international market disruptions escalated in late February.
Petrol followed an identical track, starting from Rs266 in early March to reach a record Rs458.41 per litre in April. Targeted subsidies introduced by Prime Minister Shehbaz Sharif on September 13 attempt to shield two-wheelers, auto rickshaws and passenger vehicles up to 800cc from high base rates.
Supply monitor
Commercial transport operators continue to watch the daily regulatory adjustments from the Oil and Gas Regulatory Authority. Further price notifications depend on international crude benchmarks and the duration of the current retail operating curbs.
Questions & Answers
Q.What are the new ex-depot prices for petrol and high-speed diesel taking effect from September 29?
What are the new ex-depot prices for petrol and high-speed diesel taking effect from September 29?
The ex-depot price for petrol is now set at Rs389.03 per litre, and for high-speed diesel, it is Rs404.97 per litre. These updated rates come into effect on September 29.
Q.Have the government's duties and taxes on petrol and diesel changed following this price reduction?
Have the government's duties and taxes on petrol and diesel changed following this price reduction?
No, the official levies remain unchanged despite the downward revision in pump prices. The federal government continues to maintain Rs114 per litre in duties and taxes on petrol and Rs100 per litre on high-speed diesel.
Q.Which types of vehicles are targeted by the government's recent subsidy scheme?
Which types of vehicles are targeted by the government's recent subsidy scheme?
The targeted subsidies, introduced on September 13, aim to protect two-wheelers, auto rickshaws, and passenger vehicles up to 800cc. This initiative intends to shield them from the prevailing high base rates.
Q.What was the highest price recorded for high-speed diesel earlier this year, and when did this occur?
What was the highest price recorded for high-speed diesel earlier this year, and when did this occur?
High-speed diesel reached a peak of Rs520.35 per litre on April 3 earlier this year. This significant increase followed international market disruptions escalating in late February.
Reader pulse
Is this price cut effective?
21,915 votes so far