Pakistan has reduced petrol and high-speed diesel prices under its latest fuel price revision, providing modest relief to motorists.
Petrol has become cheaper by Rs2.71 per litre, bringing its new price to Rs392.66 per litre. High-speed diesel has been reduced by 30 paisa per litre, taking its price to Rs396.82 per litre.
The revised rates take effect from Wednesday, October 14, according to the fuel price information provided.
New Petrol and Diesel Prices
Under the latest revision, petrol prices have fallen by Rs2.71 per litre, while high-speed diesel rates have declined by 30 paisa.
The reduction comes as consumers continue to face high fuel costs, which influence household transport expenses and the cost of moving goods across the country.
Government Moves Towards Daily Fuel Price Reviews
The latest adjustment follows the government’s move towards a daily fuel price review mechanism, allowing petroleum prices to respond more frequently to changes in international markets.
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Under the reported system, prices are calculated using a seven-day average of international market rates, along with benchmark prices, premiums and other associated costs.
The mechanism aims to pass changes in global oil prices on to consumers more promptly.
According to the pricing information provided, fuel prices will remain unchanged on public holidays, Saturdays and Sundays.
