ISLAMABAD: Motorists and transport operators across Pakistan are set to benefit from another reduction in fuel prices, with the government lowering petrol and high-speed diesel rates under its latest petroleum price revision.
The price of petrol has been reduced by Rs8 per litre, bringing it down from Rs346 to Rs338. High-speed diesel (HSD) has also become cheaper by Rs7 per litre, with its new rate fixed at Rs371 compared with the previous Rs378.
According to the notification issued by the Oil and Gas Regulatory Authority (OGRA), the revised prices will take effect from Wednesday, November 11. The latest adjustment continues a series of reductions in domestic petroleum prices, following successive cuts announced over the preceding days.
The revised rates are being implemented under the government’s petroleum pricing mechanism, which takes international oil market movements and other applicable pricing components into account.
