ISLAMABAD – More relief for petrol consumers in Pakistan as the government axed Petrol prices, extending week-long downward trend.
For the weekend, price of petrol comes down by another Rs2 per litre, taking it from Rs332 to Rs330. However, the price of high-speed diesel (HSD) has been maintained at Rs360 per litre.
Oil and Gas Regulatory Authority (OGRA) said the revised rates were calculated under the petroleum pricing mechanism approved by the federal government. The fresh cut comes as encouraging news for millions of Pakistanis who depend on motorcycles, cars and other petrol-powered vehicles for daily transportation.
What began as a reduction in fuel prices earlier this month has now turned into a series of consecutive cuts, bringing noticeable relief to consumers. On November 7, petrol was being sold at Rs346 per litre, while diesel stood at Rs378. The first major relief came on November 11, when authorities reduced petrol prices by Rs8 per litre and diesel by Rs7, bringing their respective rates down to Rs338 and Rs371.
The downward trend continued the following day, with another Rs3 reduction in petrol and Rs7 in diesel, taking the prices to Rs335 and Rs364 per litre. Consumers received further relief on November 13 when petrol became Rs3 cheaper at Rs332, while diesel declined by another Rs4 to Rs360.
The recent price reductions are expected to ease fuel expenses for households, particularly those who rely on private vehicles for commuting to workplaces, educational institutions and markets.
The latest relief for Pakistani consumers comes at a time when international petroleum markets are experiencing considerable uncertainty due to geopolitical developments. Oil prices showed mixed movements on Friday, with international benchmarks heading towards their second consecutive weekly decline.
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