{
  "id": 15642611,
  "title": "Govt cuts petrol price by Rs5.16, diesel by Rs7.69 per litre",
  "url": "https://urgent.news/2026/10/19/govt-cuts-petrol-price-by-rs5-16-diesel-by-rs7-69-per-litre",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-19T18:47:06.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40444964/govt-cuts-petrol-price-by-rs516-diesel-by-rs769-per-litre"
  },
  "original_language": "en",
  "account": "On Monday, the government announced a reduction in the price of petrol and high-speed diesel. The petrol price was lowered by Rs5.16, bringing it down to Rs381.14 per litre, while the diesel price was reduced by Rs7.69, now at Rs389.27 per litre. These changes will be effective from October 20. The decision was based on global developments, including shifts in Platts rates, premiums, and incidentals. Prior to this, the government had decreased petrol prices by Rs3.63 to Rs390.23 per litre and raised diesel prices by Re0.31 to Rs396.96 per litre. Oil prices saw a decline of more than $1 on Monday as investors cashed in on recent gains, closely monitoring Middle East and Ukraine conflicts and assessing the impact of U.S. waivers on sanctions and tariffs affecting Russian exports. Brent crude futures dropped $1.72, or 1.6%, to $108.14 a barrel, while U.S. West Texas Intermediate crude fell 87 cents, or 0.86%, to $100.54 a barrel.",
  "summary": "The government on Monday reduced the price of petrol by Rs5.16 to Rs381.14 per litre and high-speed diesel (HSD) by Rs7.69 to Rs389.27 per litre, effective October 20, 2026. According to a press release issued by the Petroleum Division, the Oil and Gas Regulatory Authority (OGRA) revised the ex-depot prices of petroleum products in line with the pricing mechanism set by the federal government.…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}