Saudi energy company Aramco has reduced the price of high octane petrol at its fuel stations in Pakistan, giving relief to consumers, according to reports on Friday.
The company has lowered the price from Rs610 per litre to Rs410 per litre.
The decision has received a positive response from the public across the country.
It comes at a time when the government had not increased overall petroleum prices but had raised the levy on high octane fuel from Rs100 to Rs300 per litre.
After the levy increase, the price of high octane petrol at many fuel stations had reached between Rs600 and Rs610 per litre. At Pakistan State Oil pumps, the price was recorded at around Rs589 per litre.
High octane petrol is mainly used in modern vehicles with turbocharged and high compression engines.
Many newly imported and locally assembled cars perform better on this type of fuel. This has increased its demand in recent years.
Market sources said the price cut is expected to provide financial relief to users and may also increase the use of high octane petrol.
Hi octane fuel: announcement for Kia, HAVAL customers
Earlier, Lucky Motor Corporation and Great Wall Motor issued statements to address customer concerns after the recent rise in high octane fuel prices.
Lucky Motor Corporation said that Kia vehicles are designed and tested to run efficiently on unleaded fuel with a minimum rating of RON 91 or higher. This requirement is clearly stated in the vehicle owner’s manual.
The company said Kia customers in Pakistan can continue using RON 92 fuel, which is sold as Super or Premier at most fuel stations.
It added that this fuel is widely available and can be used without affecting vehicle performance or reliability.
Lucky Motor also clarified that using or mixing high octane fuel is not required for Kia vehicles in the country.
The company advised customers to refuel only at trusted stations to avoid contaminated fuel and said its authorised dealers are available to guide customers if needed.
Great Wall Motor (GWM) also shared a message for its customers in Pakistan.
The company said its vehicles are not affected by the rise in high octane prices and are optimised to run on RON 92 fuel available at reliable stations nationwide.
It thanked customers for their trust and said it remains committed to meeting their expectations.
