Govt Announces 2nd Big Reduction in Fuel Prices

The federal government has announced a second major reduction in fuel prices, effective for the next 24 hours. The cost of motor spirit (petrol) has been lowered by Rs. 5.45 per litre, now standing at Rs. 369.06 per litre. Meanwhile, the price of high-speed diesel (HSD) has decreased by Rs. 3.68 per litre, reaching Rs. 391.52 per litre.

This comes after a Rs. 3.4 reduction in petrol prices and a larger Rs. 7.76 drop in diesel prices on Monday. Since the start of daily fuel rate updates, petrol prices have risen by Rs. 58.35 per litre, while diesel prices have increased by Rs. 68.22 per litre. The price data for petrol and diesel over the past week is as follows: on Tuesday, 3rd November, petrol was Rs.

369.06 per litre and diesel was Rs. 391.52 per litre; on Monday, 2nd November, petrol was Rs. 374.51 per litre and diesel was Rs. 395.20 per litre; on Friday, 30th October, petrol was Rs. 377.91 per litre and diesel was Rs. 402.96 per litre; and on Thursday, 29th October, petrol was Rs. 377.91 per litre and diesel was Rs. 400.67 per litre.