The government has announced a reduction in fuel prices, with effect from February 16, 2025.
High -speed diesel (HSD), widely used in agriculture and transport sectors, will see a price drop of RS4 per year. Liter. The new price for HSD will be RS263.95, down from the previous rate of RS267.95 per year. Liter.
In addition to HSD, the price of gasoline is also reduced by RS1 per day. Liter. The new gasoline price will be RS256.13 after a similar fall in the second fourteen days in February 2025.
Furthermore, prices for parafine and light diesel have been lowered by up to RS5 per year. Liter. Parafine will now be available for RS171.65 per year. Liter, while light diesel costs RS155.81 per liter. Liter.
In a statement, the Ministry of Finance said that Oil & Gas Regulatory Authority (OGRA) has reviewed and adjusted consumer prices for oil products considering the recent fluctuations in the international oil market.
It also said that the prices of these products had been set for the next two weeks of the current month.
