Govt reduces petrol price by Re0.66 per litre, raises high-speed diesel rate by Re0.52 per litre

The government has announced a reduction in the price of petrol by Re0.66 per litre, bringing the retail price to Rs398.30 per litre, while high-speed diesel (HSD) prices have increased by Re0.52 per litre, making it cost Rs396.24 per litre. These changes come into effect from October 10 to October 12. The government continues to levy taxes and duties of Rs114 per litre on petrol and Rs100 per litre on diesel.

This adjustment follows a peak in HSD prices of Rs520.35 on April 3, which had started rising from Rs281 per litre after the US-Iran war began on February 28. Meanwhile, the government has implemented austerity measures, including market closures by 9pm and a 50% reduction in fuel allocations for official vehicles for three months.

Prime Minister Shehbaz Sharif also introduced a relief scheme for users of motorcycles, autos, and vehicles up to 800cc.

Brief written by urgent.news from Dawn Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.