Govt raises diesel price by Re0.85 per litre, keeps petrol unchanged

From October 30, the government will charge Rs400.67 per litre for high-speed diesel, up Re0.85, while petrol remains at Rs377.91 per litre. Business Recorder reported that the Petroleum Division announced the revised ex-depot rates on Thursday, following OGRA’s review under the federal pricing mechanism. OGRA attributed the adjustment to movements in international Platts rates, premiums and incidental costs.

The diesel change follows an increase the previous day, when petrol rose Rs1.85 per litre and diesel Rs1.75 per litre. International crude benchmarks moved lower on Thursday: Brent fell $1.55, or 1.34%, to $113.77 a barrel, while US WTI dropped $2, or 1.95%, to $100.78. Both had advanced on Wednesday, with Brent up 1.3% and WTI gaining 3%.