Petrol price down by Rs6.59 per litre, high-speed diesel by Rs4.25 in fifth straight reduction

The Pakistani government has announced a fifth consecutive reduction in fuel prices, cutting the cost of petrol by Rs6.59 per litre and high-speed diesel (HSD) by Rs4.25 per litre. The new prices, effective from November 7 to November 10, will see petrol retail at Rs346 per litre and HSD at Rs378 per litre. These reductions, announced under an arrangement for 30 days that sees oil refineries contribute to the petroleum levy, allow a Rs14.71 reduction in the petrol price at the consumer end.

The government has also reintroduced austerity measures, including market closures and cuts in fuel allocations for official vehicles, in response to rising fuel prices due to the ongoing Middle East conflict.

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