if (!window._rawHtmlListenerAttached) window._rawHtmlListenerAttached true; window.addEventListener('message', function(event) if (event.data event.data.type 'raw-html-resize' event.data.id) var iframe document.getElementById(event.data.id); if (iframe) var height Math.min(Math.max(event.data.height, 50), 9200); iframe.style.height height 'px'; ); pThe government on Thursday reduced the prices of petrol and high-speed diesel (HSD) by Rs3.19 and Rs1.50 per litre, respectively./p pFollowing the revision, petrol will retail at Rs329.82 per litre, while HSD will cost Rs382.36 per litre. The government continues to levy Rs110 per litre in taxes and duties on petrol and Rs96 per litre on HSD./p pThe Petroleum Divisions notification said the new prices would be applicable for August 7 (Friday)./p pThe diesel price has come down from a a href"https://www.dawn.com/news/1987901"peak of Rs520.35/a recorded on April 3. Its price had started rising from Rs281 per litre after the US-Iran war broke out on February 28./p pThe petrol price had a href"https://www.dawn.com/news/1987901"peaked at Rs458.41/a on April 3 after beginning its a href"https://www.dawn.com/news/1979399"upward trajectory/a from Rs266 in the first week of March./p pEarlier, Petroleum Minister Ali Pervaiz Malik a href"https://www.dawn.com/news/2016227/govt-to-fix-fuel-prices-daily-due-to-renewed-hostilities-in-persian-gulf-petroleum-minister"announced/a that fuel prices would now be fixed on a daily basis due to fluctuations in international market prices following renewed hostilities between Iran and the US./p pThe government had been announcing a href"https://www.dawn.com/news/1978754"weekly revisions/a to fuel prices since early March, alongside measures for the conservation of fuel amid possible oil supply disruptions due to the ongoing conflict in the Middle East. The federal government in April also a href"https://www.dawn.com/news/1988840"announced/a targeted relief measures to provide subsidised fuel./p pThe petroleum minister stated that the cabinet and the prime minister had decided to give the Oil and Gas Regulatory Authority (Ogra) the responsibility of deciding fuel prices on a daily basis based on international market trends./p pThe daily pricing decision was rejected by the All Pakistan Dealers Association, which said it would consider a protest plan./p pPetrol is mainly used in private transport, small vehicles, rickshaws and two-wheelers, and changes in its price affect the middle and lower-middle classes./p pSimilarly, changes in diesel prices also impact the public at large, as it is mainly used in the heavy transport sector, power plants and large generators./p pPetrol and high-speed diesel (HSD) are the major revenue earners, with monthly sales of about 700,000 to 800,000 tonnes, compared to just 10,000 tonnes of monthly demand for kerosene./p

Source: Dawn News

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