The federal government has announced one RE1 per year. Liter of gasoline prices for the next fourteen days, with effect from February 16, 2025, in line with the recent dip in global fuel markets.

According to a notification issued by the Finance Department on Saturday, the new price of gasoline will be RS256.13 per year. Liter, down from RS257.13.

Similarly, the price of high -speed diesel (HSD) is reduced from RS267.95 to 263.95 after a reduction of RS4 per year. Liter.

“Oil & Gas Regulatory Authority (OGRA) has reviewed and adjusted consumer prices for oil products considering the recent fluctuations in the international oil market,” the announcement said.

Meanwhile, prices of other oil products are also reduced.

The new price of paraphin oil will be RS171.65, down with RS3.20 from RS174.85 per year. Liter. Likewise, the price of light diesel oil is reduced by RS5.25 from RS161.06 to RS155.81 per year. Liter.

Oil prices in the global markets settled lower on the prospects of a peace agreement between Russia and Ukraine that could facilitate global supply disorders by ending sanctions against Moscow, but losses were limited by a delay in US immediate mutual tariffs.

According to analysts, global oil demand has risen to 103.4 million barrels per year. Day (BPD), up with 1.4 million BPD from the previous year.

Gasoline is mainly used in private transport, small vehicles, rickshaws and two -wheeler. Higher fuel prices affect the budgets for the members of the middle and lower middle classes that primarily consume gasoline for commuting.

On the other hand, a significant part of the transport sector is dependent on high -speed diesel.

Its price is considered inflationary as it is predominantly used in heavy goods transport vehicles, trucks, buses, trains and agricultural machines such as tractors, pipe wells and threshing.

The consumption of high -speed diesel contributes especially to the increased prices of vegetables and other foods.