{
  "id": 18156312,
  "title": "Govt cuts petrol price by Rs7.06, diesel by Rs3.71 per litre",
  "url": "https://urgent.news/2026/11/04/govt-cuts-petrol-price-by-rs7-06-diesel-by-rs3-71-per-litre",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-04T17:50:33.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40447414/govt-cuts-petrol-price-by-rs706-diesel-by-rs371-per-litre"
  },
  "original_language": "en",
  "account": null,
  "summary": "The government has announced a reduction in the prices of petrol and high-speed diesel, effective November 5, 2026. Petrol prices have been cut by Rs7.06 per litre, bringing the ex-depot price to Rs362.00 per litre, down from the previous rate of Rs369.06. Similarly, high-speed diesel prices have been reduced by Rs3.71 per litre, resulting in an ex-depot price of Rs387.81 per litre, from the earlier rate of Rs391.52. These changes were announced by the Oil and Gas Regulatory Authority (OGRA) in a press release. The revision is based on the petroleum products pricing mechanism approved by the federal government. Meanwhile, the global oil market experienced volatility on Wednesday as investors awaited developments in the US-Israeli conflict in Iran, following Democrats' gains in the midterm elections. Brent crude futures fell 0.7% to $101.85 a barrel, while US West Texas Intermediate crude futures dropped 1.2% to $94.91.",
  "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."
}