{
  "id": 18157998,
  "title": "Petrol price dropped by Rs7.06 per litre, high-speed diesel by Rs3.71",
  "url": "https://urgent.news/2026/11/04/petrol-price-dropped-by-rs7-06-per-litre-high-speed-diesel-by-rs3-71",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-04T18:04:13.000Z",
  "source": {
    "name": "Dawn Business",
    "slug": "dawn-business",
    "url": "https://www.dawn.com/news/2042105/petrol-price-dropped-by-rs706-per-litre-high-speed-diesel-by-rs371"
  },
  "original_language": "en",
  "account": "The Pakistani government announced on Wednesday a reduction of Rs7.06 per litre in petrol prices and Rs3.71 per litre in high-speed diesel (HSD). As a result of the revision, petrol will now cost Rs362.00 per litre and HSD will cost Rs387.81. This marks the third consecutive reduction in fuel prices. These new prices will take effect from November 5, according to a notification from the Oil and Gas Regulatory Authority (Ogra). The decision was made following a drop in international oil prices under $100, amid uncertainty over the US's response to the Israeli-Palestinian conflict following the loss of control of Congress by President Donald Trump's Republican Party. Brent futures fell by $4.50, or 4.3 percent, to $99.07 a barrel, while US West Texas Intermediate crude futures declined by $4.13, or 4.3 percent, to $92.02. The government continues to collect taxes and duties of Rs114 per litre for petrol and Rs100 per litre for diesel. An arrangement was announced on Monday for 30 days allowing oil refineries to contribute towards the petroleum levy, reducing the petrol price by Rs14.71 at the consumer end. Petroleum Minister Ali Pervaiz Malik announced efforts to introduce a similar system for liquefied petroleum gas (LPG) and hinted at further reductions in fuel prices, saying \"even better news will come before us\". The Jamaat-i-Islami party and the government are set to hold further discussions on Thursday to explore further relief in petroleum prices. The price of HSD has fallen from a peak of Rs520.35 recorded on April 3, after beginning its upward trajectory from Rs281 per litre after the US-Iran war began on February 28. Meanwhile, the government has reintroduced austerity measures in response to rising fuel prices amid the conflict in the Middle East. Markets are now required to close by 9pm, and fuel allocations for official vehicles have been cut by 50 percent for three months. A \"relief scheme\" has been announced for users of motorcycles, autos, and vehicles up to 800cc. Fuel prices have been fixed on a daily basis since September 13, due to fluctuations in international market prices following renewed hostilities between Iran and the US.",
  "summary": null,
  "key_points": [
    "Pakistan reduces petrol price by Rs7.06 per litre",
    "High-speed diesel price cut by Rs3.71 per litre",
    "New prices effective from November 5"
  ],
  "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."
}