The government has decided to maintain the prices of all petroleum products at their current levels for the next fortnight, starting March 16, 2025, according to a notification issued by the Finance Division.

The price of petrol will remain at Rs255.63 per litre, while high-speed diesel will be priced at Rs258.64 per litre. Additionally, kerosene will be available at Rs168.12 per litre, and light diesel will be priced at Rs153.34 per litre during the same period.

These prices will come into effect on March 16, 2025.

Earlier, reports suggested that the government might reduce the prices of petroleum products by up to Rs14.16 per litre, following a decrease in global oil prices and premiums, based on estimates from oil marketing companies (OMCs).

However, Prime Minister Shehbaz Sharif opted to maintain the current prices, directing the full financial benefit to be transferred to the public through a reduction in electricity rates.

In a statement from the Prime Minister’s Office, Shehbaz Sharif confirmed that the government would keep the prices of petroleum products unchanged, preparing to provide significant relief to the public by reducing electricity rates.

He added that the decision to maintain petroleum prices was part of a broader strategy to help consumers by making electricity more affordable.

Prime Minister Sharif revealed that a comprehensive plan to lower electricity rates was in the final stages of preparation, with an announcement expected in the coming weeks.

He explained that the financial space created by fluctuations in global oil prices, combined with other measures, would allow the government to offer substantial relief through lower electricity prices.

The Premier reiterated his commitment to prioritizing public relief, stating that this initiative would not only reduce electricity prices but also have a positive effect on overall inflation, contributing to further price reductions.