Petrol and diesel rates in Pakistan today stand at Rs338 per litre for petrol and Rs371 per litre for high-speed diesel (HSD), after the federal government cut both prices again. According to an official notification, petrol fell by Rs8 from Rs346 and HSD by Rs7 from Rs378. It is the sixth straight reduction in a series of cuts that began on November 2.
What the new prices are
The petrol price is now Rs338 per litre, down from Rs346. HSD has fallen to Rs371 from Rs378. Anyone checking the petrol and diesel rates in Pakistan today will find these as the notified figures from the latest revision.
Why prices are moving
The Petroleum Division revises fuel prices under a mechanism approved by the federal government. The calculation takes into account international oil prices, Platts rates (a benchmark assessment of oil prices used in global trade), premiums and other associated costs. The government has been passing on this relief as conditions in international oil markets change, so the price is recalculated as oil moves, which is why the cuts have come one after another.
On Tuesday, international oil prices fell about 2% to hit fresh two-month lows, after US officials played down the need for further military action against Iran. That eased concerns about possible supply disruptions in the Middle East. Brent crude fell $1.93 to $90.64 a barrel, while US West Texas Intermediate (WTI) crude dropped $1.44 to $85.41. Both benchmarks were on track for their lowest closes since August 28.
Timeline: what has happened so far
- November 2: petrol cut by Rs3.40 to Rs374.51 per litre; HSD cut by Rs7.76 to Rs395.20.
- November 3: petrol cut by Rs5.45 to Rs369.06 per litre; diesel cut by Rs3.68 to Rs391.52.
- November 4: petrol cut by Rs7.06 to Rs362 per litre; HSD cut by Rs3.71 to Rs387.81.
- November 6: petrol cut by Rs9.41 to Rs352.59 per litre; diesel cut by Rs5.56 to Rs382.25.
- November 7: petrol cut by Rs6.59 to Rs346 per litre; HSD cut by Rs4.25 to Rs378.
The latest notification, the sixth cut, brings petrol to Rs338 and HSD to Rs371. Future revisions will follow the same mechanism as international oil prices move, so the next change will depend on those markets.
Aasan alfaaz mein
Hukumat ne petrol 8 rupay sasta karke Rs338 per litre aur diesel 7 rupay sasta karke Rs371 per litre kar diya hai. Yeh chhathi baar hai jab qeematein kam hui hain, aur yeh 2 November se jari silsile ka hissa hai. Agar aap motorcycle ya gaari chalate hain, to petrol ki kam qeemat se aapka maheenay ka kharcha thora kam ho sakta hai. Qeematein aalmi oil ki qeematon ke saath badalti rahengi.
