Govt increases petrol price by Rs3.26 per litre, reduces diesel by Rs1.01 per litre
“The federal government has increased the price of petrol by Rs3.26 per litre, taking the rate above Rs390, while reducing the price of high-speed diesel by Rs1.01. issued on Thursday, the price of pet…”
Meanwhile, the price of high-speed diesel (HSD) has been reduced by Rs1.01 per litre and fixed at Rs399.34 per litre. The revised petroleum prices will take effect from October 2. Also Read:Petrol price cut by 14 paisa, diesel drops Rs1.89 per litre.
The Oil and Gas Regulatory Authority (OGRA) has also started publishing daily petroleum prices on its website as part of efforts to improve transparency and enable international oil price fluctuations to be passed on to consumers more quickly.
Petroleum Minister Ali Pervaiz Malik said the daily prices are calculated using a seven-day average of international market prices, in line with international practice. The latest adjustment comes as petrol prices remain a key factor affecting transportation and household costs, while diesel prices have a significant impact on freight and other economic activities.
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