Petrol price slashed by Rs3, HSD’s by Rs4
ISLAMABAD: Consumers will see slight relief at the pump stations starting November 13 following a reduction in petroleum prices. The ex-depot price of petrol has been slashed by Rs3 per litre, bringing the retail rate down from Rs335 to Rs332. Similarly, the price of High-Speed Diesel (HSD) has been decreased by Rs4 per litre, adjusting the rate from Rs364 to Rs360. The regulator attributed these…
The Pakistan Petroleum Regulatory Authority (PPRA) has announced a reduction in petrol and High-Speed Diesel (HSD) prices, effective November 13. The ex-depot price of petrol has been lowered by Rs3 per litre, decreasing the retail rate from Rs335 to Rs332. Similarly, HSD prices have been cut by Rs4 per litre, adjusting the retail rate from Rs364 to Rs360.
The regulator cited global developments, along with changes in Platts pricing, premiums, and incidental costs, as the reasons for these adjustments. International benchmark prices of petrol fell to USD 91.64 per barrel from USD 93.55 per barrel, while premium including freight increased by USD 28.76 per barrel. Conversely, HSD benchmark prices decreased to USD 94.16 per barrel from USD 96.33 per barrel.
The ex-refinery price of petrol fell to Rs237.31 per litre from Rs240.65, and HSD's ex-refinery cost dropped to Rs252.08 per litre from Rs255.88. Government levies and fixed profit margins for both fuels remain unchanged.
Brief written by urgent.news from Business Recorder's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
