Govt reduces petrol price by Rs2.71 per litre, high-speed diesel rate by Re0.03

The Pakistani government has announced a reduction in the prices of petrol and high-speed diesel, effective October 14. The petrol price has been lowered by Rs2.71 per litre, bringing the new retail price to Rs392.66 per litre. High-speed diesel (HSD) is seeing a smaller decrease of Rs0.03 per litre, with the revised price set at Rs396.82 per litre.

These price cuts come after the government continues to collect taxes and duties of Rs114 per litre on petrol and Rs100 per litre on diesel. The new prices were announced by the Petroleum Division following the revision of fuel prices amidst the ongoing Middle East conflict.