ISLAMABAD – Petrol rate has been cut by Rs2.7 per litre to Rs247.3. High-Speed Diesel (HSD) price was decreased by Rs 3.40 per litre for October 2024.
With the latest changes, the new petrol price has been set at Rs247.30 and Rs246.29 for diesel for next two weeks. Light Speed diesel price stands at Rs149.90 after drop of Rs1.50 and Kerosence oil new price stands at Rs154.90.
| Product | Rs/Litre |
|---|---|
| Petrol | 247.30 |
| Diesel | 246.29 |
The fifth cut in petrol price is due to drop in global crude oil prices. In previous adjustment, the government slashed petrol prices by Rs 10 per liter and high-speed diesel by Rs 13.06 per liter while kerosene oil prices fell by Rs 11.15, and light diesel saw a Rs 12.12 reduction.
In last two weeks, crude oil prices saw drop of over three percent after reports indicated that Riyadh might abandon its $100 per barrel target and plans to increase production in December alongside OPEC members.
Currently, Brent crude is currently priced at $71.60 per barrel, while US West Texas Intermediate stands at $67.67 per barrel. These global price shifts are expected to influence further adjustments in fuel prices at the pump in Pakistan.
