Govt raises diesel price by Rs2.29 per litre, keeps petrol unchanged

Business Recorder reported that the government raised high-speed diesel by Rs2.29 per litre to Rs402.96, while leaving petrol at Rs377.91 per litre. The revised rates took effect on October 31 and are set to apply through November 2, according to the Oil and Gas Regulatory Authority (OGRA).

OGRA attributed the adjustment to movements in international pricing inputs, including Platts rates, premiums and incidentals. The diesel increase follows a separate rise of Re0.85 per litre on Thursday, when petrol also remained unchanged. International crude prices advanced on Friday: December Brent rose 2.4% to $117.62 a barrel, while US West Texas Intermediate gained 2.1% to $104.18. The report also noted that a tanker attack in the Strait of Hormuz had highlighted supply risks amid concerns about a possible escalation in the US-Iran conflict.