Govt cuts petrol by Rs3, diesel by Rs4 per litre

ISLAMABAD: The government has further reduced petroleum prices, cutting petrol by Rs3 per litre and high-speed diesel (HSD) by Rs4, bringing their rates to Rs332 and Rs360 per litre, respectively.

According to the latest notification issued by the Oil and Gas Regulatory Authority (OGRA), the revised prices will take effect from November 13.

The latest reduction follows two successive revisions announced earlier. Petrol was previously reduced by Rs8 per litre to Rs338, while diesel was cut by Rs7 to Rs371, effective November 11.

A further reduction brought petrol to Rs335 and diesel to Rs364 per litre from November 12.

With the latest revision, petrol has become cheaper by Rs14 per litre and high-speed diesel by Rs18 over the successive price adjustments.

The reductions come amid volatility in international oil markets following the conflict in the Middle East and concerns over disruptions to energy supplies.