The federal government has announced a further reduction of Rs2 per litre in the price of petrol, bringing the new rate to Rs330 per litre, while keeping the price of high-speed diesel unchanged at Rs360 per litre.
According to a notification issued by the Oil and Gas Regulatory Authority (OGRA), the revised petroleum prices will take effect from November 14 and remain applicable for the announced pricing period.
Under the latest adjustment, the price of petrol has been reduced from Rs332 to Rs330 per litre, providing limited financial relief to motorists already facing increased living expenses.
However, consumers of high-speed diesel will receive no additional relief, as the government has decided to maintain its existing price of Rs360 per litre.
The decision is particularly significant for the transport and agricultural sectors, which rely heavily on diesel-powered vehicles, machinery and equipment for their daily operations.
High-speed diesel is widely used in commercial transportation, including trucks and buses, as well as agricultural machinery, making its price an important factor in transportation and production costs.
The unchanged diesel rate means that businesses and individuals dependent on the fuel will continue to face the same expenses despite the reduction in petrol prices.
The latest revision follows the government’s previous adjustment, which had reduced petrol prices by Rs3 per litre and high-speed diesel by Rs4 per litre.
With the new Rs2 reduction, petrol prices have declined by a total of Rs5 per litre across the two successive revisions, while diesel remains at the rate established under the earlier adjustment.
Although the reduction offers some relief to petrol consumers, its impact on household budgets is expected to be modest given the relatively small decrease.
The revised prices will remain in force until the next scheduled review or any further notification issued by the government.