ISLAMABAD – More relief for Pakistanis as the federal government announced fresh reduction in petrol and diesel prices, extending a series of cuts amid a sharp decline in global crude oil rates.
With fresh revision, Petrol has been reduced by Rs8 per litre to Rs338, while high-speed diesel (HSD) has become Rs7 cheaper, bringing its price down to Rs371 per litre.
The revised ex-depot rates have been determined under the pricing framework approved by the federal government. Until the latest announcement, petrol was selling at Rs346 per litre, while diesel was available at Rs378 per litre, with both rates applicable since November 7.
The government had previously reduced petrol prices by Rs6.59 and diesel prices by Rs4.25 per litre, bringing them to Rs346 and Rs378, respectively. With the latest cuts, petrol has become Rs14.59 per litre cheaper and diesel Rs11.25 cheaper in just two consecutive revisions.
The latest fuel relief in Pakistan comes against the backdrop of a significant slide in international oil prices, where crude benchmarks have fallen to levels not seen in more than two months. Oil prices dropped approximately 2% on Tuesday as easing geopolitical tensions reduced fears of major supply disruptions in the Middle East.
Petrol Price Trends in Pakistan
| Date | Petrol Price |
| November 1 | 377.91 |
| November 2 | 377.91 |
| November 3 | 374.51 |
| November 4 | 369.06 |
| November 5 | 362.00 |
| November 6 | 352.59 |
| November 7 | 346.00 |
| November 8 | 346.00 |
| November 9 | 346.00 |
| November 10 | 346.00 |
