Govt cuts petrol price by Rs1.93, HSD by Rs4.21 for Sep 24

The Express Tribune reported that the federal government has lowered petrol by Rs1.93 per litre and high-speed diesel (HSD) by Rs4.21 per litre for September 24. Under a Petroleum Division notification, petrol will sell at Rs390.12 per litre and HSD at Rs414.75 per litre from Thursday. The cut follows a smaller reduction for September 22, when petrol fell by Rs1.7 and HSD by Rs3.12 per litre.

The prices are set under a daily review system introduced on July 17, which replaced the weekly method as tensions between the United States and Iran kept oil markets volatile. Separately, an austerity package announced on September 17 requires shops and markets to close by 9pm, while marriage halls must close by 10pm. Earlier this month, PM Shehbaz unveiled a plan to lower petrol by Rs100 per litre for two-wheelers, three-wheelers and cars up to 800cc, aimed at protecting lower-income buyers.

Brent crude rose over 3% on Wednesday after five straight sessions of losses, recovering from a near two-week low. Because Pakistan imports most of its petroleum, supply disruptions abroad quickly feed into domestic fuel prices. Competing statements at the UN from Iran's president and US President Donald Trump underscored little progress toward ending the Middle East conflict.