Petrol, diesel rates in Pakistan cut for sixth straight time

Petrol, diesel rates in Pakistan cut for sixth straight time

Petrol and diesel rates in Pakistan today are Rs338 and Rs371 a litre after a Rs8 and Rs7 cut, the sixth straight reduction since November 2.

Petrol cut by Rs8 to Rs338 per litre, down from Rs346.

High-speed diesel (HSD) cut by Rs7 to Rs371 per litre, down from Rs378.

This is the sixth straight cut in a series of revisions that began on November 2.

Prices are revised under a mechanism that tracks international oil prices, Platts rates, premiums and associated costs.

International oil prices fell about 2% on Tuesday, reaching two-month lows.