ISLAMABAD – Pakistanis get another fuel relief as the federal government reduced petrol and high-speed diesel prices, extending series of cuts that have brought petrol down by nearly Rs43 per litre since the beginning of November.
Petrol will now cost Rs335 per litre for November 12 with fresh reduction of Rs3, while Diesel has been slashed by Rs7 to Rs364 per litre.
Oil and Gas Regulatory Authority (OGRA) announced the latest adjustment on Wednesday, November 11, stating that the new ex-depot prices had been calculated under the federal government’s approved petroleum pricing mechanism. The announcement comes just a day after another major price revision, during which petrol was reduced by Rs8 to Rs338 per litre and diesel by Rs7 to Rs371 per litre.
In just 48 hours, petrol has become Rs11 cheaper per litre, while diesel consumers have received a combined relief of Rs14 per litre.
Rs43 cut in 2 Weeks
Petrol witnessed sharp decline since the start of the month. On November 1, Pakistanis were paying Rs377.91 for a litre of petrol. By November 12, the price is set to fall to Rs335, representing a remarkable reduction of Rs42.91 per litre, or approximately 11.35%.
The downward trend gathered momentum on November 3, when petrol dropped to Rs374.51 per litre. Further reductions followed almost daily, bringing the rate to Rs369.06 on November 4 and Rs362 on November 5.
The relief continued on November 6 as prices fell to Rs352.59, followed by another cut to Rs346 on November 7. After remaining unchanged for three days, fuel prices resumed their downward movement on November 11, when petrol fell to Rs338, before the latest announcement pushed it down to Rs335.
Pakistan’s latest fuel relief comes at a time when global oil markets are experiencing sharp price swings, driven by developments surrounding Iran and the continuing Middle East conflict. After sliding to their lowest levels in more than two months, international crude oil prices staged a strong recovery on Wednesday, gaining approximately 2%.
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 |
| November 11 | 338.00 |
| November 12 | 335.00 |
