The federal government has reduced petrol and diesel prices, offering fresh relief to consumers across Pakistan. The latest adjustment follows a decline in international oil prices, which recently reached their lowest levels in two months.
Under the revised rates, petrol has become cheaper by Rs8 per litre. High-speed diesel (HSD) has also dropped by Rs7 per litre.
The new prices took effect on November 11, following a notification issued by the Oil and Gas Regulatory Authority (OGRA).
New Petrol and Diesel Prices in Pakistan
The latest reduction brings petrol down from Rs346 to Rs338 per litre. Meanwhile, high-speed diesel now costs Rs371 instead of Rs378 per litre.
The revised rates are as follows:
- Petrol: Rs338 per litre, down by Rs8.
- High-speed diesel: Rs371 per litre, down by Rs7.
The reductions provide some relief to motorists, transport operators and businesses that depend on fuel for daily operations.
Global Oil Prices Fall to Two-Month Lows
The latest price adjustment follows a decline in international crude oil rates. Oil prices fell on November 10 as easing concerns about further US military action against Iran reduced fears of supply disruptions.
Brent crude settled at $91.49 per barrel, marking a 1.2% decline. US West Texas Intermediate (WTI) also fell 0.9% to $86.04 per barrel.
Both major benchmarks reached their lowest closing levels since August 31.
Market concerns about a wider Middle East conflict had previously pushed oil prices higher. However, recent diplomatic developments have eased some pressure on global energy markets.
What the Reduction Means for Consumers
Lower fuel prices can help reduce transportation and operating costs. They may also ease some pressure on household budgets and businesses.
However, fuel prices remain sensitive to international market movements, exchange rates and government pricing decisions. Consumers will receive the benefit of the latest reduction from November 11.
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