A fluid regulating device comprising: a valve body defining an inlet, an outlet, and a valve port disposed between the inlet and the outlet; a port housing disposed in the valve body and defining a central cylindrical opening; a control element at least partly slidably disposed in the central cylindrical opening of the port housing and adapted for displacement along a central axis of the control element between a closed position engaging the valve port and an open position spaced away from the valve port, wherein the control element comprises a valve stem and a valve plug coupled to the valve stem, the valve plug defining a sealing surface adapted to sealingly engage the valve port when the control element is in the closed position; a balancing diaphragm coupled between the control element and the port housing, the balancing diaphragm having opposite first and second diaphragm surfaces (118a, 118b); a balancing cavity defined in a portion of the port housing between an inner surface of the port housing and the first diaphragm surface of the balancing diaphragm; characterised in that the control element further comprises: a first pressure sensing passage extending through the valve plug and having an inlet portion extending through the valve plug along the central axis of the control element; and at least one second pressure sensing passage extending through the valve plug, the at least one second pressure sensing passage disposed parallel to and spaced radially outward from the first pressure sensing passage and the central axis of the control element; wherein the first pressure sensing passage and the at least one second pressure sensing passage are in fluid communication with the balancing cavity such that a fluid pressure resident on the sealing surface of the valve plug is equal to a fluid pressure resident in the balancing cavity to apply equal and opposite first and second forces to the sealing surface of the valve plug and the first surface of the balancing diaphragm, respectively. a valve body defining an inlet, an outlet, and a valve port disposed between the inlet and the outlet; a port housing disposed in the valve body and defining a central cylindrical opening; a control element at least partly slidably disposed in the central cylindrical opening of the port housing and adapted for displacement along a central axis of the control element between a closed position engaging the valve port and an open position spaced away from the valve port, wherein the control element comprises a valve stem and a valve plug coupled to the valve stem, the valve plug defining a sealing surface adapted to sealingly engage the valve port when the control element is in the closed position; a balancing diaphragm coupled between the control element and the port housing, the balancing diaphragm having opposite first and second diaphragm surfaces (118a, 118b); a balancing cavity defined in a portion of the port housing between an inner surface of the port housing and the first diaphragm surface of the balancing diaphragm; characterised in that the control element further comprises: a first pressure sensing passage extending through the valve plug and having an inlet portion extending through the valve plug along the central axis of the control element; and at least one second pressure sensing passage extending through the valve plug, the at least one second pressure sensing passage disposed parallel to and spaced radially outward from the first pressure sensing passage and the central axis of the control element; wherein a first pressure sensing passage extending through the valve plug and having an inlet portion extending through the valve plug along the central axis of the control element; and at least one second pressure sensing passage extending through the valve plug, the at least one second pressure sensing passage disposed parallel to and spaced radially outward from the first pressure sensing passage and the central axis of the control element; wherein the first pressure sensing passage and the at least one second pressure sensing passage are in fluid communication with the balancing cavity such that a fluid pressure resident on the sealing surface of the valve plug is equal to a fluid pressure resident in the balancing cavity to apply equal and opposite first and second forces to the sealing surface of the valve plug and the first surface of the balancing diaphragm, respectively.