The federal government has decided to decrease the prices of motor spirit (MS) petrol and High-speed diesel (HSD) for the next 24 hours, according to the latest notification issued by the federal government.
This is the 4th consecutive sharp reduction in fuel prices since the government reverted to a new price determination formula.
The price of petrol has been cut by Rs. 9.41 per litre to Rs. 352.59 per litre, while diesel has been made cheaper by Rs. 5.56 to Rs. 382.25 per litre.
On Wednesday, the price of petrol was cut by Rs. 7.06 per litre to Rs. 362 per litre and diesel by Rs. 3.71 to Rs. 387.81 per litre.
### Daily Revisions to Date
Since the beginning of the daily fuel rates update, petrol has gone up by Rs. 41.88/litre and diesel by Rs. 58.95/litre.
### Market Impact & Corporate Analysis Financial analysts and market participants are closely monitoring the commercial implications of this corporate milestone on the Pakistan Stock Exchange (PSX) and relevant industrial verticals. Enhanced corporate governance, transparent shareholder disclosures, and regulatory clearances remain pivotal to completing major transactions.